Buying or Selling a Home/Agent/Seller Oblilgations

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Expert: - 8/6/2009


Question
I previously had my home listed with an agency. About 30 days ago, my listing expired and I have since sold the property privately. Is there any legal action the listing agency can take against me for selling privately within x amount of days of the listing expiration?
Cheers.

Answer
It depends, Mike. Assuming the listing agreements in Canada are similar to those here in the US, a listing agreement usually specifies that if you sell the property to someone who was introduced to the property by any agent who had shown the property and participates in the multiple listing service within a specified amount of time (usally six months) AND your listing agent presented a list of people who were shown the property and one of them bought it, then you owe a commission. Otherwise, you have nothing to worry about. I do wish you well.

Dick Dennis
dixiedee13@aol.com

Buying or Selling a Home

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Dick Dennis

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With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.

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Solving real estate problems for 37 years.

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National Association of Realtors

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Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers

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e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate

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