If they've stipulated the agent they want to represent them, then they are paying that agent/broker whatever was agreed to in their listing arrangement.

My next advice would be that I also just put an offer in on an REO property, and they have stipulations that you can only negotiate 8% off the asking price, but don't let that discourage you from low-balling them.

You can't even sue him for Failure To Perform because your contract stipulates that he has 3 more years to prove that he can perform.After you wait 5 years and lose all your hair you finally get to pay an attorney $50,000 to sue the syndicator, but the project is an LLC corporation and you can sue only that corporation.

Best course of action is to find the new property and go under contract with the stipulation that closing will be after you sell your original property.

This is a very important question, because some co-ops won't allow you to rent out the property or have stipulations concerning rentals.

One of the stipulations were if the property owner lived more than 60 miles away, they needed a property manager or agent within 60 miles of the rental house.

The stipulation here obviously being you need to find properties at 70-75% of appraised value given the hard money costs and the bank only offering loans at a max of 85% LTV.

All the numbers and stipulations I just stated are based off of what the seller has told me.

Carl our contract sometimes have a protection period built in after the contract has expired.You also do not know any special stipulations in the listing agreement that was originally signed.If you are in commercial real estate why are you trying to list a house??

You can also stipulate in contracts that the EMD will be sent into escrow 3 within 3 days of escrow opening.Hope that helps.Will BarnardBarnard Enterprises, Inc.