bluefish
Mar 29, 2003, 03:26 PM
A real estate agent has a standard 3 months contract with a seller, with a reserve for all potential buyers for 90 days after expiration of contract. Agent secures a buyer within the initial 90 days, but problems on part of buyer delays closing for 7 months. When closing takes place, it is more than 6 months after signing of original agent contract, (IE, more than 90 days after the reserve section).
Question: does seller still owe agent the commission?
Question: does seller still owe agent the commission?