Real Estate Agent
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply

Agent asking for 2.5%, is this legal?
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 The home has been on the market over 100 days and has not sold and I only received one offer (and the buyer rescinded it the next day).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

@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

7e investments
16 Reviews
5.0 stars