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Reply to "paying a real estate agent commission after the listing period expires?"
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[quote=Anonymous]hi, all. we are signing a two-month listing agreement with a real estate agent. there is a clause in the agreement that says the broker's fee "shall be paid if the property is sold, exchanged, conveyed, or otherwise transferred within 60 days after the expiration of the listing period or termination of this agreement to anyone to whom the property has been shown by the broker or anyone else, including the seller, during the listing period, unless a valid listing agreement is entered into during the term of said protection period with another license real estate broker." so if I show the property to a friend during the listing period, and the friend decides to buy it within 60 days of end of the listing period, I have to pay the real estate agent the full commission (assuming I haven't signed on with another agent)??? is this par for the course? it's been a long time since I've sold property, so I don't remember this aspect of the listing agreement. thanks for any input. [/quote]
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