Michael Singh
Junior Member
California
We were told by the owner of an apartment building that he had no listing and we would be able to represent him by selling it if we were to bring a buyer too. We submitted a signed offer which gave him everything he wanted except he thought the commission was too high. We told him we could lower it, but he rejected it anyway. This is all documented in writing, including us representing him, and him rejecting the offer.
The buyer in the buyer’s offer for the property was his name plus “et al”. An now one of his associates is in contract on the property on the same terms we already discussed with some other agent (a separate agent for buyer and seller).
Here are my questions:
1. What, if any, recourse do we have to get our commission?
a. Would it be from the buyer since one of his associates are using another agent on the property we told him about and we included “et al”
b. Would it be from the seller who took our buyer and is making a deal with another agent?
Any other help you can give me would be great. Thank you.
We were told by the owner of an apartment building that he had no listing and we would be able to represent him by selling it if we were to bring a buyer too. We submitted a signed offer which gave him everything he wanted except he thought the commission was too high. We told him we could lower it, but he rejected it anyway. This is all documented in writing, including us representing him, and him rejecting the offer.
The buyer in the buyer’s offer for the property was his name plus “et al”. An now one of his associates is in contract on the property on the same terms we already discussed with some other agent (a separate agent for buyer and seller).
Here are my questions:
1. What, if any, recourse do we have to get our commission?
a. Would it be from the buyer since one of his associates are using another agent on the property we told him about and we included “et al”
b. Would it be from the seller who took our buyer and is making a deal with another agent?
Any other help you can give me would be great. Thank you.