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Real Estate
Reply to "Why do we need a real estate agent?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]if there is an acceptable offer, the seller's agent could sue the seller who refuses to pay the full commission in the contract[/quote] Setting aside that there's no written offer in this scenario, this simply isn't true. If someone is asking $100,000 for a property and gets an offer for $97,000, the seller is not obligated to accept it. The seller could perfectly legally say to his or her agent "Look, I can only afford to sell it at $97,000 if you can reduce your commission." And even if this weren't legal, what would the seller's agent sue the seller for? To force him or her to sign the contract? To force him or her to disgorge profits on a sale that never went through?[/quote]
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