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Updated almost 6 years ago on . Most recent reply
![Marika Mcdonald's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1289025/1695080867-avatar-marikam1.jpg?twic=v1/output=image/cover=128x128&v=2)
Realtor is terminated on contract but still gets 3%
Hello All I'm grateful for any ideas feedback or answers to this question
I have a Contract I'm working on with 2 sisters the property in Austin ,Tex was through a realtor they terminated contract recently because they felt she wasnt looking out for their best interest .
So issue is is If I have a buyer does the commision of 3% for realtor (she has in contract if house sells before June she still collects 3% not even sure it's legal But I guess So!) come out of sellers amount 285,000 or my amount 300,000?
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The seller who signed the contract with the agent owes that amount to the agents brokerage. And yes it is legal, and it is typical. It is a way to insure that a seller does not fire an agent, then immediately sell the property to a buyer, who likely became aware of it through that agents marketing efforts.
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