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Updated 8 months ago on . Most recent reply

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Mark Svendsen
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Did I sign away my rights to the new realator commission refund law?

Mark Svendsen
Posted

Our trustee had me sign to accept sale of our house sale under contract but he added a sentence that I agree to 5% realators commision. I told him about the new realator commision refund law taking affect in Aug 17 in CA. Is what I signed reversable using the 3 day recind law?  I consent to selling the house but not waiving my rights to the new realator commision refunds coming.  Did the trustee break any laws helping the realator and hurting the beneficiary?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,118
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Bro, the class action lawsuit is going to give people who file like $13.

The only thing changing post August 17th is 1 sentence being added to that listing agreement that says, probably in bold ...

"Commissions are not set by law and are negotiable." 

That's it.

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