We were working through relocation company.We signed 90 days contract
But terminated in 60 days with approval from relocation company because we lost deal due to agents in active approach. Now we are about to sign contract with another agent. But one buyer from previous agents list showing interest to buy. Can we sell house appointing buyers agent to make paper work for both sellers & buyers and pay 5% commission ?
Are we legally liable to pay 3% commission to previous agent because this buyer had put offer previously through this agent ?
On our termination agreement we did not sign any clause.
Relocation company is allowing us to choose our own agent to sell home.
The commission will be reimbursed to us partially by relocation company
Which is taxable. Any help is appreciated for quick sell.Thanks.

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Originally Posted by scrapart

...Can we sell house appointing buyers agent to make paper work for both sellers & buyers and pay 5% commission ?

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I don't see why not.

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Originally Posted by scrapart

...Are we legally liable to pay 3% commission to previous agent because this buyer had put offer previously through this agent ?

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Probably. To be sure, it would be best to consult a real estate attorney in your jurisdiction.

In my state, yes, if a buyer who made a offer though one agent within a certain time frame comes back to buy it, though another agent, you will owe that original agent and broker their commission.

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Originally Posted by scrapart

Are we legally liable to pay 3% commission to previous agent because this buyer had put offer previously through this agent ?

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Hello s:

Assuming your agreement with him called for a 3% commission. If you're adjusting it for some reason, then no. You must pay him what the contract said he'd get if he brought you a buyer, which he did.

excon