Re: seller ‘bypassing’ agent… - Posted by AndrewC
Posted by AndrewC on October 25, 2000 at 18:28:32:
Texas Association of Realtors listing agreement goes as follows.
b. Earned: Brokers fee is earned when any one of the following occurs during the term of this listing:
(1) Seller sells, exchanges,agrees to sell, or agrees to exchange the property to anyone on any terms.
(2) Broker individually or in cooperation with another broker procures a buyer ready , wlling and able to buy the property at the listing price or at any other price acceptableto seller;or
(3) Seller breaches this listing(including but not limited to seller selling or leasing the property without the Broker’s consent)
So, in answer to your question, as long as the seller has agreed to honor the agreement and pay the Broker anyway, just do it. Have the seller tell the Broker the deal and that he will be recieving his commission.
Personally as an agent , i would go for this kind of deal all day, everyday. To have a seller list with me then find his own buyer and still get paid. No problem.
That would be eqaul to an investor getting an option or a contract to buy a house, and a seller finding a better deal , and paying you to release them from their agreement. How many of you wouldnt take a quick $2500 ???I would do it every second of every day.Easiest $2500 made.