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Real Estate
Reply to "paying a real estate agent commission after the listing period expires?"
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[quote=Anonymous]This is a fairly typical provision, although usually it's carved out to include only people to whom the agent has shown the house or otherwise introduced to the house. The concept is that if the agent truly "procured" the buyer, they should be entitled to a commission. While it would be tough to argue that they should be due a commission if they did not procure and the listing had expired, if it's written that way in the contract, the yes they are due a commission. My guess is that since the listing agreement was fairly short (60 days), and the tail was also fairly short (60 days), this might have been purposefully written this way. Typically I see 90 day terms with 60 days of exclusivity for buyers procured by the agent.[/quote]
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