OfflineI recently fired a RE for not bringing me offers.They gave me a Unconditinal Termination.now my Question is this dose this void the original listing agrement that states 90 days any one that they showed the house to I still have to pay comission.
Bill
__________________
If you got an "unconditional termination" of contract, you would not have any responsibilities to the Agent.
Al
"NOW GO FIND A DEAL"
Watch your thoughts; They become words,
Watch your words; They become actions,
Watch your actions; They become habits,
Watch your habits; They become character,
Watch your character, it becomes your destiny.
Frank Outlaw
Why would you ever sign a 90 day exclusive contract with an agent? That means that you can never receive leads from another agent unless you pay your exclusive agent commission as well. My advice is NEVER to sign one of these contracts. You let the agent know that what ever leads you bring them they get their commission, but if you received a lead from another agent then the other agent is entitled to their commission for doing the work. First, it keeps healthy competition between agents and second, if the agent isn't performing you don't owe them anything. You can walk away.
KimmyJ
Press on...
It appears you received some good advice already from Al. I believe that real estate is a learnign experience as you go. Each day we learn more to better prepare us for the next day ahead. Good luck with your real estate investing and keep the faith! Believe and Achieve!
- Joe
YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA
TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA
What terminology should the contract contain so I'm not held liable if I can't find an investor within time frame? Secondly, what's a reasonable timeframe and where should this be included in the contract? Pls. advise
Donna
Have a Blessed Day,
Phoenx
We all are everyday Angels, so why not expect miracles? They're there...have you noticed or made yours today?
This is what I thought But figgerd I would check to make shure.
Bill