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Updated almost 14 years ago on . Most recent reply
Buyer backed out--Should I still be paid?
So I found a buyer for a seller (wholesaler who purchased a property). She put up a $3k non-refundable EMD. Closing was set for yesterday, 7 wks from when contract was executed.
The buyer can't close. Deposit is supposed to go to the seller. What do you guys think about me asking for part of the deposit? Is it audacious of me or am I deserving a a portion?
By the way, I don't work as a Realtor (meaning I don't care to list on MLS and I'm not a member of the board of Realtors), but I am still licensed and work under a Broker, to whom I refer.
Thanks for the input!!
Most Popular Reply
![Brandon Kamm's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/62211/1621413193-avatar-bkamm1.jpg?twic=v1/output=image/cover=128x128&v=2)
IMO, you would be paid for bringing a performing buyer hence you would not be entitle to any of it. You would be compensated when a deal actually closes