Spartanburg, SC asked in Real Estate Law for Tennessee

Q: If my contract with a real estate has expired and I have a potential buyer from another realestate agent what do I do?

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1 Lawyer Answer
Joseph Talmadge Kirkland
Joseph Talmadge Kirkland
  • Memphis, TN
  • Licensed in Tennessee

A: Read the expired contract that you signed with the real estate agent. Often there is a provision that if you sell to someone who became familiar with the property during the previous listing period, you may still owe a commission to the previous agent. If however, the new buyer was not familiar with the property during the previous listing period, then you may go ahead and negotiate with the new buyer.

I suggest that you take your paperwork to a real estate attorney for review before you proceed.

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