real estate commission

[black1]

What is the name of your state? Tennessee

I had signed an agreement to market property with a realtor, after 3 days I asked the agent what it would cost me to rescind this contract because I had changed my mind about listing the property. He told me that it would cost nothing and that he would take care of it. I even offered to pay any advertising cost and he said it was not necessary. I had a relative who made us an offer on the property 2 days later and we accepted and closed on the property. Now the realtor wants me to pay them a commission and they didn't even bring a buyer to me. Is this legally binding and is there a time frame between the time I sign the contract and the time for me to change my mind? Thanks for any help!!!

[lillymr]

Read your listing contract. It may state you would be responsible for their commission for a certain amount of days after the listing agreements ends. I have no law background but would try talking to the broker about it.

[HomeGuru]

Originally Posted by black1

What is the name of your state? Tennessee

I had signed an agreement to market property with a realtor, after 3 days I asked the agent what it would cost me to rescind this contract because I had changed my mind about listing the property. He told me that it would cost nothing and that he would take care of it. I even offered to pay any advertising cost and he said it was not necessary. I had a relative who made us an offer on the property 2 days later and we accepted and closed on the property. Now the realtor wants me to pay them a commission and they didn't even bring a buyer to me. Is this legally binding and is there a time frame between the time I sign the contract and the time for me to change my mind? Thanks for any help!!!

**A: there is no grace period in such a contract. You owe the full commission. Read the contract.