Your contract dictates the terms of your deal. In most listing agreements there is a provision for some time after the listing agreement or buyers and sellers would wait for a listing to expire and then deal directly with each other. Your agent has put in time, effort and money to finding you a buyer. If the buyer has been found and the sale closes, you most likely owe them a commission. Read the agreement you signed.
a buyer yourself, you owe the commission... So check your contract carefully, I am sure though had you
discussed that possibility with your Realtor you would remember what the outcome was, there are even
terms that if the listing agreement with the Broker ends, that you cannot during a certain period of time
sell the home to anyone who has seen it during the listing period.
Always careful when you sign a contract any contract, in this case the listing agreement terms will
Good Luck to you
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So........I can't help you with an answer.
Here, we can ,at times, sign a listing agreement - it is dated for that day, but it can say: "No showings until.................". The obligation to the Broker is still in effect immediatley after signing.
Also, similar to Mack, our MLS requires us to input any listing within 48 hrs. after signing, or we can be fined.
I've just seen contracts that generally say something like "This agreement shall be effective as of (three weeks in future) and will expire (six months in future)." I'm just wondering why the first date is not the date that the contract is signed.
well - if you haven't signed anything......there is no agreement or "effective date"
Once you sign a listing agreement - it is "in effect", and your obligation to the Broker is active (at least that's how it works next door in NJ!).....maybe I am not understanding what you mean by "effective date"
In my market, brokers are obliged to submit our listings to the MLS within 24 hours of receipt, so . . . we essentially wouldn't have an "effective date."
Discuss this with your agent. There is a very good chance that the "buyer" you found may not work out. You'll need an experienced partner on your side to sort through the process and look out for you. The commission may be reduced on this one transaction if it comes together, based on what you and your agent work out.