More to the direct point, MOST listing agreements state that for a number of days after experation, if a buyer comes forth who has been shown the property by the agent whose contract has expired, that agent will get a commission. This is mainly to keep from having buyer and seller collude to rob the agent of a commission, by waiting until just days after expiration.
Step 2 is that most listing agreements specify that the period is void upon relisting and that the new listing agency gets EVEN the buyer with the earlier interest. This also makes sense, because you certainly don't need two agencies negotiating different deals at the same time.
Iâ€™d read the listing contract carefully and see what it says about this. If you can get a new agency to list the property (I can see why you donâ€™t want to work with the old one,) Iâ€™d just forge ahead. It is going to be rare for any of the buyers who did not move quickly to come in with an offer and even rarer for it to be a good one.
Go for it (and tell the old agency where to put their deal, which will probably be right next to where they have put their head.)
Best regards on this one,
The minute you list with Broker B.. (that can be day two after your expiration with Broker A ) and that buyer comes into that house with another agent, even a dual agent.. Broker A is not owed a commission.
REMAX Home Team
Good luck to you!
Edith Karoline - YourRealor4Life!
Working always in the very BEST interest of her clients!
Your Chicago Connection
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I think i need some help here as well as Desperate. As far as I have read and understood many posts, Joe's first answer should be right on. However, does this still apply if by chance Desperate re-listed with a flat-fee broker, and went FSBO? Or does it only apply in going from a full service to another full service? Didn't mean to hijack the thread Desperate, but it just brought this situation to mind. I realize you are probably with another full service broker, or I guess you would have mentioned otherwise
Most likely, the buyers had thier own broker, not Broker A, in which case that broker would continue to represent the buyer and negotiate with you thru Broker B, your new listing agent.
Hope that's helpful
REMAX Home Team