broker agreement has expired,has sign on property, told its a month to month, I found buyer, do i pay comm.

In Selling Property - Asked by Frank P. - Jun 30, 2015
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Answer(s)

Carlos R.
Listing Administrator
Miami, FL

Legally you don't have to, but you can if you want.

Jun 30, 2015
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Belinda L.
Owner/Investor
Galveston, TX

You really need to review the listing agreement you signed. If it automatically goes month to month until you cancel then you could be stuck paying them if the deal goes through. If the agreement expired then you don't have to pay them. You also need to remove their sign asap!

Jul 1, 2015
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erik m.
Broker/Agent
Virginia Beach, VA

If it is month to month and assumes continuance unless otherwise terminated then you do owe a fee. On principle - if the broker was actively representing the property (eg marketing, showing the property to prospective buyers) then you also are likely to owe a fee.
the agency laws vary by state of course

Jul 4, 2015
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Tom S.
Owner/Investor
Maple Valley, WA

From a 'ABSOLUTE LEGAL QUESTION" The answer is YES. There are many entails to this type of question. From another side is that paying the commission or negotiate something amicable would benefit you greater in the long run. Depends on how you the investing THEORY: Do you want to do business with no one or Everyone!!!!!! As the old adage goes bad or negative energy travels fast. Does that mean it's always legal, NO, But it's just business

Jul 7, 2015
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