Do I owe commission?

[RinWA]

hi,

I had my house listed (WA state) until a few weeks ago. Slow market, so I canceled the listing to try again in the spring.

A guy that looked at the house when it was listed has returned and may make an offer.

Do I owe my agent and/or his agent any commission? There was no offer made during the listing time.

Thanks

[Mike Taylor]

Without seeing your listing agreement it is impossible to say, but most listing agreements do have a clause in there that protects agents for up to X amount days after the listing is over.
Besides all that, your agent DID procure this potential sale for you. I really think it would be the wrong thing to do cut him/her out.

[Greg]

When I let a seller cancel a listing agreement it is with the understanding that I will get paid if a buyer miraculously shows up.

It is possible this buyer was waiting for the sign to come down with the idea they would save the commission. Why give the buyer the commission? Why risk getting into a contract with a devious buyer that might pull something over on you?

Your agent did the work and spent the money that procured this buyer. You would be cheating him/her if you did this behind their back. Plus, depending on the listing agreement, you might owe them a commission.

[Codythebest]

Yes, you own a commission if this buyer has been introduced to your property within the listing agreement period with a real estate agent, your listing agent or another one.

[TeamRobertson]

In pretty much every listing contract I have ever seen if a buyer appears within 30 days after the contract expires or is cancelled then the commision is still owed to the realtor.

You have to remember as well they brought about this buyer and paid marketing dollars, etc out of their own pocket, would be just plain wrong to cut them out.

[zatanaz]

I say is totally up to you.
If you comply with your listing contract as far as the amount of days the commission is in effect, than you need to sit down and analyze all your realtor did for you.
Did he/she treat you well??
Were you happy with his/hers services??
Did he/she bring enough potential buyers to view your house??
Did he/she price it right??
Did he/she have enough open houses??
What I’m trying to say is that if you think your realtor did everything possible to sell your house, then he/she should be entitled to a commission.
If you are not bound by the contract, then the commission should be an amount that you deem appropriate and it can be anywhere between 0-100% of the original amount.

Also, if you decide to go thru the sale, how will represent you this time???
Will you be needing a new agent??
Are you gonna call him/her back??

Good luck!!!!!!!

[doogers]

In our market place you would still owe the commision. We have up to a year time frame for this to take place.

[Cedar City Utah Realtor]

Read your listing contract.

[Agent 007]

In my listing agreement, I always state that if a buyer shows up within 180 days after the agreement is cancelled, then the seller owes a commission. It is just fair to work this way. You should call that listing agent and have them represent you on this transaction. You should have representation when negotiating anyways. Check your listing agreement. Regardless, you should still have your agent represent you and pay them. It will be in your best interest.

:)

[joesheikh]

hi,

I had my house listed (WA state) until a few weeks ago. Slow market, so I canceled the listing to try again in the spring.

A guy that looked at the house when it was listed has returned and may make an offer.

Do I owe my agent and/or his agent any commission? There was no offer made during the listing time.

Thanks
Sounds to me like you owe someone a commision. It does depend on what was stated in the listing agreement. Especially since the buyer saw the house while listed. There may be some allowance for a reduction on the commision but thats between you and tour realtor.

[zonecancun]

yes, you owe a commission. you said it, the client saw the property when it was listed.

saludos