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Old 09-16-2020, 09:46 AM
 
9,855 posts, read 4,630,527 times
Reputation: 7491

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Quote:
Originally Posted by jackmichigan View Post
That is absurd.
The clause they're using is bs but the lawyer said between cost, time and hold they wanted to put hold on the property until matter resolved it was not worth it. Everything was done at last minute probably to limit time to consider. This is also our agent's strategy. This tact was written off as high pressuure tactics including those who made an offer. Never got a straight answer as to why or how they cancelled getting the actual document weeks later. The time stamp was the day before cancellation.

The time stamps, dates and what agent/s are saying don't match up. Quid pro quo isnt for politicians only.
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Old 09-16-2020, 09:50 AM
 
Location: Cary, NC
43,275 posts, read 77,083,054 times
Reputation: 45622
Quote:
Originally Posted by anononcty View Post
At first I thought it was just the buyer but they would've had to be coached on how to cancel. I think the only reason at this point because of the way and timing in which they cancelled I think the buyer's agent coached them so he stood a better chance of getting paid.

The buyer was represented by a local firm using a national company which was on the agent section of the sale agreement. Do these companies post blank buyer contracts or is their a site that compares fees from the different realtors?

From the seller standpoint when buyer cancels it's clear the firm/office get half the deposit. Is that standard practice in buyer's contracts as well.
So many of your questions would probably be better addressed in your local forum.

People from across the country can often not give you appropriate information due to variations in local laws and practices.
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Old 09-16-2020, 09:51 AM
 
Location: Rochester, WA
14,461 posts, read 12,095,136 times
Reputation: 38975
I hate to keep accusing people of over thinking... because I don’t think anyone is getting smarter because of it :-)
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Old 09-16-2020, 09:52 AM
 
8,573 posts, read 12,403,094 times
Reputation: 16527
Quote:
Originally Posted by anononcty View Post
The clause they're using is bs but the lawyer said between cost, time and hold they wanted to put hold on the property until matter resolved it was not worth it. Everything was done at last minute probably to limit time to consider. This is also our agent's strategy. This tact was written off as high pressuure tactics including those who made an offer. Never got a straight answer as to why or how they cancelled getting the actual document weeks later. The time stamp was the day before cancellation.

The time stamps, dates and what agent/s are saying don't match up. Quid pro quo isnt for politicians only.
Maybe you've described your situation better in other threads but i really can't follow what you're trying to describe here.
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Old 09-16-2020, 10:30 AM
 
8,005 posts, read 7,216,461 times
Reputation: 18170
Is the OP the seller here and have they been threatened with owing a commission to the buyer's broker? Very hard to comprehend based on the posts here.
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Old 09-16-2020, 05:14 PM
 
Location: Riverside Ca
22,146 posts, read 33,519,030 times
Reputation: 35437
Quote:
Originally Posted by anononcty View Post
If a buyer cancels the deal do they still owe their agent commission or a fee? Dependent on if they can get deposit back?
Unless the contract states the buyer must pay the agent regardless of closing then usually there is no money owed if the deal doesn’t happen.
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Old 09-16-2020, 06:40 PM
 
Location: Raleigh NC
25,116 posts, read 16,208,048 times
Reputation: 14408
Quote:
Originally Posted by jackmichigan View Post
Maybe you've described your situation better in other threads but i really can't follow what you're trying to describe here.
who can?
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