Asked by Zlovsky, 90025 • Thu Jul 22, 2010
I an trying to buy short sale property. Agent representing the seller had our offer accepted by the seller and represents us and the seller. We promised verbally to compensate the agent at 1% commissions. After 4 month of waiting she said that she has verbal approval with slightly higher price and the seller and us signed counter offer with new price. At the same time the agent called me back requesting 3% commissions because the bank reduced her commissions to 3% and she got us a great deal. She wants us to give it to her via escrow and if we would not agree she will increase the price of the property, would not negotiate for us or find a better buyer or just destroy the whole transaction. What should we do and what can she do???
Real Estate in Los Angeles
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