(8) Situations When Broker's Entitle to a Commision Flashcards

1
Q

What are the 8 situations a broker is entitled to his/her part of the commission?

A
  • owner changes mind
  • wife refuses to sign
  • defects on owner’s title
  • owner’s fraud
  • owner unable of giving up possession
  • seller insist on new terms
  • seller and buyer cancel contract
  • seller cannot be forced to offer to sell. But if stated in the agreement/DROA, then seller is liable for paying commission
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