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Can you get out of a property listing contract signed with a real estate agent?
Wiki User
∙ 11y ago
Normally agents will let you out of the listing contract, provided the seller agrees that anyone who viewed the property while it was listed will be a protected client for that broker and a commission will be payable if that potential buyer turns into a real buyer within an agreed upon period of time. (Ex: 90 days)
If you have a legitimate reason to cancel the listing agreement, contacting the broker in charge of your agent's office should result in the listing being cancelled. The bottom line, if you as a seller refuse to cooperate with showings, the broker's chance of selling the house plummets and most agents have no desire to deal with all that!
Wiki User
∙ 11y ago
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If you take your house off the market do you owe the estate agent any fee?
Typically no but it depends on the listing agreement you signed. Read it carefully. If the listing period has expired many listing agreements state that if a person was shown your property during the time it was listed and wants to buy it after the listing has expired you may still owe the Real Estate Company a commission. Most listing agreements speak to this in the agreement with a time period - like 180 day - after the listing has expired. This is the way a Real Estate Broker protects themselves from people trying to go around them by dealing directly with the seller.
What does contract pending mean realestate?
In real estate, "contract pending" means that an offer to purchase has been made and tentatively accepted. The contract is in the process of being finalized and signed by both parties.
What is the seller's compensations if buyer does not keep his agreement to purchase real estate?
There are remedies available to the Seller if a buyer does not purchase the real estate as agreed in a written, fully executed contract. These are only available to the seller if the buyer has signed the contract and there are no limiting conditions such as a financial clause, inspection clause, due diligence period, etc. If the buyer breaches the contract the seller may sue to keep the buyer's deposit, sue for damages caused by the buyer breaching the contract, and may also sue for "specific performance" which would force the buyer to purchase and close on the real estate.
Is a real estate contract considered completed after all addendums have been signed?
Not necessarily. It's going to depend on the terms and conditions of both the contract and the addendum. Moreover, completion doesn't actually occur until the transaction "closes" and title is transferred from the seller to the buyer.
Which answer best describes an independent person who works for both the buyer and the seller between the date the purchase contract is signed and the date the closing takes place?
escrow officer, lender, real estate agent
Can property said to be given prior to death but not documented be kept from probate?
Generally, no. If the property was not conveyed by deed during the life of the owner then it becomes part of their estate. If someone can produce a valid written contract, signed by the owner before their death, promising to convey the property then the estate representative will have to honor that contract. Otherwise the property will pass by the decedent's will or according to the state laws of intestacy if there is no will. If you still have questions then you should speak with the attorney who is handling the estate.Generally, no. If the property was not conveyed by deed during the life of the owner then it becomes part of their estate. If someone can produce a valid written contract, signed by the owner before their death, promising to convey the property then the estate representative will have to honor that contract. Otherwise the property will pass by the decedent's will or according to the state laws of intestacy if there is no will. If you still have questions then you should speak with the attorney who is handling the estate.Generally, no. If the property was not conveyed by deed during the life of the owner then it becomes part of their estate. If someone can produce a valid written contract, signed by the owner before their death, promising to convey the property then the estate representative will have to honor that contract. Otherwise the property will pass by the decedent's will or according to the state laws of intestacy if there is no will. If you still have questions then you should speak with the attorney who is handling the estate.Generally, no. If the property was not conveyed by deed during the life of the owner then it becomes part of their estate. If someone can produce a valid written contract, signed by the owner before their death, promising to convey the property then the estate representative will have to honor that contract. Otherwise the property will pass by the decedent's will or according to the state laws of intestacy if there is no will. If you still have questions then you should speak with the attorney who is handling the estate.
Your sister and you share a property without your knowledge she has signed a contract with an estate agent is this valid?
If you are equal owners, the contract can only encumber your sister's half interest. She cannot contract to sell your interest.
You co-signed on your sons mortgage you have your own property in a life estate can your sons mortgage company have any rights to your property that is in the life estate?
If the property in which you have a life estate is a separate and distinct property from the property your son mortgaged (and you co-signed) then the lender has no rights in your life estate property. If the property your son mortgaged is the same property in which you have a life estate then if he defaults on the mortgage and the lender takes possession you will also your life interest in the property since you also signed the mortgage.
How do you record a real estate contract to purchase against the real estate property?
Take the "original" signed contract to the land records office where the property is located, pay the recording fee and it will be officially entered into the land records. Some Cities/Counties have guidelines for recording documents and your document must meet those requirements.
When is a real estate contract valid?
When it has been signed by the buyer and seller.
Are you under contract in real estate with no document?
If the parties haven't executed a contract signed by both parties then you are not "under contract".
Does a surviving cohabitant have a claim on the estate after a partner dies even though an agreement had been signed to keep property separate and a will left the estate to a relative.?
No. Being a "co-habitant" does not bestow any legal rights if you're not on the deed. Also, if you signed a contract to make certain the property was to be kept separate from yours then you are doubly prevented from making any claim. You have no standing.
If you take your house off the market do you owe the estate agent any fee?
Typically no but it depends on the listing agreement you signed. Read it carefully. If the listing period has expired many listing agreements state that if a person was shown your property during the time it was listed and wants to buy it after the listing has expired you may still owe the Real Estate Company a commission. Most listing agreements speak to this in the agreement with a time period - like 180 day - after the listing has expired. This is the way a Real Estate Broker protects themselves from people trying to go around them by dealing directly with the seller.
Do you have to pay your deceased brother's mortgage?
No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.
Is a Florida real estate contract null and void if the seller dies?
Generally, if an offer was accepted and signed the decedent's real estate is subject to the contract and the estate representative can complete the sale once they have been appointed.
Who pays real estate rental commission?
You need to check any contract you signed to find your answer.
As a son are you responsible for your mothers rest home balanceshe has no estate?
Unless you signed a contract agreeing to be responsible, your mother's estate is responsible for her debts. If she has no estate then her creditors are out of luck.
