I have a property that I have recently remodeled and want to sell.

If the present listing agent does not sell the condo in the contract period will I need to pay any type of money or fees to this agent?
  • January 20 2014 - Orlando
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (8)

It depends on the contract but normally and as long as the property didn't sell during the contract term, then you have honored your part of the contract and nothing is due. Then you have the option to relist with the same agent, choose another or attempt to sell it "By Owner" if you wish. 

Why do you feel it's not selling? Is it over-priced compared to the properties that have sold in the area? That's usually the reason. Also with condos, the COA fees are generally pretty high taking away the appeal for many buyers. 
  • March 03 2014
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I have looked at the contract that I have signed. There is no information about this That I can see.

What I do see there is alot of blank stuff that was left blank by the agent when I signed.

If anyone knows where I can see about this . I have checked the commissions area and there was no information written down.

Thanks for your help
  • February 21 2014
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Excellent question Opticaltester!

Many have directed you to look at your contract. Check the section that outlines commission. The contract that may area uses gives real estate brokers and their clients the opportunity to fill in how many days after the contract has expired that the agent is still due a commission if the seller has not listed with another real estate agency. 

You guessed it, this is to keep sellers and potential buyers from making a side agreement to wait until the contract expires and then they will work out their deal direct. 

Good Luck!
Jean
  • January 21 2014
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for j3350489
Read your contract . If you have to ask this question that means you have no idea what you signed . NEVER SIGN anything you don't understand .
  • January 21 2014
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Usually no you don't but it would depend on what was written in the contract you signed.  You should have a copy of the agreement and if not ask for one.
  • January 20 2014
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Unless there is something specific in your contract that states otherwise, then typically no.
  • January 20 2014
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Mark LeMenager
It will depend on what the contract you signed says.  It would be unusual for you to owe any money to a listing agent who fails to sell your property.
  • January 20 2014
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Agents work off of commission. So if the condo is not sold, you do not owe anything.
  • January 20 2014
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.