Entitled to Commission? We submitted a signed offer...
This is a discussion on Entitled to Commission? We submitted a signed offer... within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; We were told by the owner of an apartment building that he had no listing and we would be able ...
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#1 |
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Junior Member
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Join Date: Jul 2011
Posts: 2
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Entitled to Commission? We submitted a signed offer...
We were told by the owner of an apartment building that he had no listing and we would be able to represent him by selling it if we were to bring a buyer too. We submitted a signed offer which gave him everything he wanted except he thought the commission was too high. We told him we could lower it, but he rejected it anyway. This is all documented in writing, including us representing him, and him rejecting the offer.
The buyer in the buyer’s offer for the property was his name plus “et al”. An now one of his associates is in contract on the property on the same terms we already discussed with some other agent (a separate agent for buyer and seller). Here are my questions:
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#2 |
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Top Level Member
Join Date: Dec 2009
Posts: 12,610
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I wish to inform you that you are entitled to commission. In this regard when when buyer and seller are dealing on same terms by eliminating you then they have breached agreement. In this the agreement was said to be denied to you but as the parties have acted in accordance with the agreement thus you may claim commission. In this you may claim the amount from the parties on the ground that they have said no to you in order to avoid your commission but have got unjust enrichment from your work. The new agent is only a method to not to pay your commission.
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#3 | |
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Top Level Member
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Join Date: Apr 2011
Location: Florida
Posts: 6,794
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Quote:
But if you can prove you were the procuring cause of the sale, introduced the buyer and his "et als" to the property, you have a leg up on collecting your commission. I would recommend you seek the advice of a real estate attorney and if you are lucky enough to have one in your community who has represented the MLS or Real Estate Board, you might collect without much trouble. |
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Entitled to Commission? We submitted a signed offer...






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