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Updated over 2 years ago on . Most recent reply

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199
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Simon Obas
  • Rental Property Investor
42
Votes |
199
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Agent asking for 2.5%, is this legal?

Simon Obas
  • Rental Property Investor
Posted

Hello- I asked my current agent to terminate our listing agreement. The home has been on the market over 100 days and has not sold and I only received one offer (and the buyer rescinded it the next day). the agent is saying she’ll only agree to terminate it if I agree for her to earn 2.5% commission off the next agent who takes over. Is this legal? Have you ever heard of this? She is also the broker so it’s not like I can go to her manager. What should I do? I am also located in Connecticut.

Most Popular Reply

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18,423
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15,832
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Chris Seveney
  • Investor
  • Virginia
15,832
Votes |
18,423
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Simon Obas

What’s your contract say? That is what is important

Typically if you signed a 180 contract you are stuck for another 80 days

  • Chris Seveney
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7e investments
5.0 stars
16 Reviews

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