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Comission due even after Listing Agreement expires?

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M

Mike2001

Guest
I am new to the Real Estate business. I live in California. How soon after a standard California Agent/Seller listing agreement expires can the seller sell the house without having to pay a commision to the Agent? Is it 30 days? 10 days? 0 days? From what I have heard, if the Title changes right after a listing agreement expires, the seller may still be obligated to pay a commission to the agent. Is there a law you can quote which defines this?

Thanks,

Mike
 


HomeGuru

Senior Member
Talk to a Realtor as it depends on the type of listing agreement you entered into.
There is an open listing, exclusive lisitng and an exclusive right-to-sell listing. 99.9% of the Realtors use the exclusive right-to-sell type. This type of agreement protects the Realtor from losing commission as the procuring cause when the property is sold even if the listing has expired. Ex: the Realtor shows the home to Mr. & Mrs. Clinton. THe next week the listing expires. Three weeks later, the Clintons turn an offer in directly to you and close. A commission is due to the Realtor as the one who brought the buyer to you. This is known as the Realtor being the procurring cause.
 

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