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It's now on the MLS with a higher buyer's agency commission than what my offer asked for!
Need more details on your situation. My son made an offer on a San Francisco townhome about 2 weeks ago. They went $100k over the asking price, there were 12 offers on the house and he did not get it.
Assuming most of those 12 offers were full price or more, would the Listing Broker owe 11 additional commissions on the offers that were not accepted ?
I don't think I read but why excatly was your full price qualified buyers offer not accepted ? Was there a reason given ? In Some areas like my San Fran example, the "Listing Price" is where you start and bid up from there. I would suspect there are a few Uptown markets like that in the US.
Our local paper had a similar question in a real estate column where a local RE lawyer answers the questions. His opinion was that an offer with any form of contingency negates the "ready, willing, able" listing clause. He said it is basically impossible to enforce it. Even a full cash offer with no financing or inspections would still have a title clearance contingency (or should).
Question - if it wasn't listed in the MLS and therefore no commission was stated, how would someone determine what your broker was "owed" by bringing the buyer?
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