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Rainer
150,669
Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

Not worth the headache to letigate. 

Jul 14, 2015 11:18 AM
Rainmaker
4,359,847
Richard Weeks
Dallas, TX
REALTOR®, Broker

Our listing agreement states the commission is earned (no owed) when a willing, ready, able buyer is secured.

Jul 14, 2015 09:15 PM
Rainmaker
929,576
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Richie - I don't worry about it. If the deal does not close, I just move on.

Jul 14, 2015 04:28 PM
Rainmaker
2,224,167
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

If you are the listing agent...when a ready, willing and able buyer comes through with a full price offer and no contingencies. 

Jul 14, 2015 03:45 PM
Ambassador
5,761,563
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

When a legitimate offer is turned down.

When a listing is canceled on a whim.

When a buyer gets cold feet and backs out without cause.

Of course for all of these, it is complicated... and an attorney may have a different list.

 

Jul 14, 2015 01:10 PM
Rainmaker
699,177
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

If I'm on the opposing side and they are in the wrong.

Jul 14, 2015 11:53 AM
Rainer
67,209
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

When the buyer is approved for the loan and backs out.  

Jul 14, 2015 11:15 AM
Rainer
231,174
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

in the real world? when it is done. besides seeking litigation. thats what retainers are for :)  unless its a reo , then you have ole money bags to sue perhaps

Jul 14, 2015 11:10 AM
Rainmaker
1,386,785
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

The answer to that is normally in the contract. If you produced a ready, willing, and able to purchase buyer, then your contract will state if you're due a commission or not.

Jul 15, 2015 05:16 AM
Rainmaker
4,502,771
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

OUr contracts say commissions are owed at time of contract--but in practice we don't collect until closing. And if deal falls through, it's not likely we'll ever collect. Can you imagine big local real estate companies suing members of the public for commission?

Jul 14, 2015 09:47 PM
Rainmaker
870,928
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Usually never. I had an agent last year think he was owed a commission because he wrote an offer that was rejected by seller.

Jul 14, 2015 09:28 PM
Rainmaker
1,157,535
FN LN
Toronto, ON

The terms of the listing agreement should address this type of issue.

Jul 14, 2015 07:24 PM
Rainmaker
2,442,569
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

When you fulfill your job.

Jul 14, 2015 03:27 PM
Ambassador
1,015,168
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

This is case by case for me.  If someone decides to do their shopping for a lender AFTER wasting hours of my time picking my brain, using my expertise to make decisions, and then finding a home, it would be nice to be compensated because most of the work on my end is done at that point.

Jul 14, 2015 03:26 PM