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Results 1 to 8 of 8
  1. #1
    mikeofa2 is offline Renter
    Join Date
    Aug 2009
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    2

    Default Expired Contract

    The Contract with our real estate agent expired back in June. He has continued to advertise our house and is currently brokering an offer. Are we legally obligated to this agent or can we broker this deal ourselves?

  2. #2
    Curtis McLain is offline Fixer Upper
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    Aug 2009
    Location
    Wister Oklahoma
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    Default

    I would say it has allot to do with how you conveyed your intentions with the agent after it expired. Did you convey your interest to sell it on your own, tell him not to show it anymore, or just let things continue as they were while it was listed. There are expressed and implied contracts also not all contracts are in writing. Actions speak louder than words courts will look at that if they can be proved,did he do a diligent job while he had your listing?

  3. #3
    mikeofa2 is offline Renter
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    Aug 2009
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    Default expired contract

    We actually forgot we had signed a 3 month instead of a 6 month contract. We had kind of given up on the idea of finding a buyer when we got this offer. Upon review of the contract is when we discovered the expiration. In answer to your question, I would have to say yes, he did his side. I don't want to screw this guy, but we were under the impression that we would get alot more movement on this property. I think we are just going to try to renegotiate the contract and maybe get him to lower his commision then use him to negotiate our next purchase. Thanks for the input.

  4. #4
    Greg is offline Moderator
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    Sep 2007
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    Outer Banks
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    1,282

    Default

    Don't shoot that bird in your hand. You want to sell and this agent got you a buyer. He trusted you so give him the opportunity to make your plans materialize.

  5. #5
    Curtis McLain is offline Fixer Upper
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    Wister Oklahoma
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    [COLOR=black][FONT=Verdana]If a deal is in works its kind of late to change the rules. No one can guarantee you a specific amount of traffic. But an agent can guarantee to be diligent and market the property to the best of his company

  6. #6
    Galveston.Real.Estate is offline Fixer Upper
    Join Date
    Jul 2009
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    49

    Default Expired Contract

    If the deal he has is a real good one and you want to sell I would probably go with it. Usually though after the contract expires the agent has a protection period you negotiate on but otherwise you would have no obligations to do any business with that agent.

  7. #7
    tucsonhomes is offline Condominium
    Join Date
    Jun 2009
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    Tucson, AZ
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    177

    Default

    Quote Originally Posted by mikeofa2 View Post
    The Contract with our real estate agent expired back in June. He has continued to advertise our house and is currently brokering an offer. Are we legally obligated to this agent or can we broker this deal ourselves?
    To make a short answer to your question, no, you are under no obligation to pay a fee. That obligation can only be created by a written agreement, and your broker knows it.

  8. #8
    purplese03 is offline Fixer Upper
    Join Date
    Jun 2009
    Posts
    36

    Default

    you must need to talk to the agent..

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