Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on TwitterFollow AgentsOnline on Facebook

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityCelebrating 13 years as one of the internet's most popular Real Estate Communities!

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Topic Options
Rate This Topic
#27965 - 11/10/06 07:35 PM Expired listing contract
ywims Offline
Junior Member

Registered: 11/10/06
Posts: 1
I had a listing contract for my house expired on Nov 2. The agent brought me an offer on Nov 1st. We still don't have a ratified contract with the buyer. The listing agent has not asked for an extention of the listing contract. The buyer has contacted me about buying the house FSBO. What should I do?

Top
#27966 - 11/10/06 08:30 PM Re: Expired listing contract
RealtorBarbaraT Offline
Member

Registered: 06/25/05
Posts: 452
Loc: Wantagh, NY
If the buyer was brought on Nov 1 you still have to pay the agent as it was before the contract expired no matter when it goes into contract, and if you go behind his back the buyer may be trying to get a lower price. Yes in the end you may get the same money ( or not the buyer may even try to get more off the price), but you will have lawsuit.
_________________________
Century 21 American Homes
http://newhorizonsrealtyteam.com
http://www.wantaghrealtorbarbaratretola.com

Top
#27967 - 11/13/06 12:51 PM Re: Expired listing contract
Realty Check Offline
Major Contributor

Registered: 09/19/03
Posts: 2410
Loc: Panama City FL
If you read your listing agreement, you will probably find that any sale that results from their marketing will result in a owed commission for a set time... often this is 3 to 6 months in the listing agreement... often a release is made if re listed with another company in the same MLS.

Most brokerages will pursue legal action to collect in similar circumstances... as they should.

Top
#27968 - 11/15/06 08:19 AM Re: Expired listing contract
RESTEVE Offline
Member

Registered: 10/28/06
Posts: 417
Loc: Kansas
I agree with the previous posts but would like to add to it. FSBO is a term for unrepresented sellers. Buying and selling real estate is often the biggest investment a person makes in their lifetime. Do you want to be unrepresented in a case like this? Plus that is just wrong to do to the agent. We work hard to earn that "big commission" We invest our time, money and energy into selling your home. It would not be good business to go around your agent and FSBO. Even if it costs an agent money they might sue for the commission just for principal. Also a buyer that is willing to approach a seller like that is usually less than kosher. As for why an agent wouldnt do an extension on a listing that they have an offer on I do not know.

Top






Moderator:  Jim Erickson 
Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
CourtneyFields19, theshortsaledude, toorgeman123, D best Realtor, Nilufar Yeasmin
21439 Registered Users
Who's Online
7 registered (CandyMan, Doin' bpose, KeepItReal, Greg Masson, 2 invisible), 157 Guests and 2 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 80
KingofBPOs 54
Brit16 51
DueDiligence 41
Bigtoe 36
Averis 34
johnnyloans 34
Kjmendy 33
super realtor 33
SoldWithVideo 32
RIzwan 29
shurdul 28
Doin' bpose 26
Scintillion 25
75Corvette 25
(Views)Popular Topics
No new orders today 4753674
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2702592
Stupid MLS comments. 958370
EML 458010
Evalonline 299689
What do you know about Froy Candelario, top agent in USA 290767
Land America 285007
New HUD Listing Brokers---Any Update? 269347
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 239234
Stupid QC comments and BPO requirements. 230162
Is there religious content in Buffini class? 225664
FARVV 177251
REOTRANS 160708
USRES / RES.NET 147658
Let's talk about our cars 147405
asset val seminar in colorado 144076
AVM Bpos 139642
FARVV 126764
PAS 118332
Featured Member
Registered: 10/04/09
Posts: 208

How To Advertise Here


This site presented by RNC Internet Services