New Hope, PA asked in Real Estate Law for Pennsylvania

Q: Is a house in Pennsylvania considered to be “sold” at the time of a sales agreement or closing?

Have a listing contract expiring with 30 day broker fee terms if the house sells within 30 days of the end of the agreement and wondering if I would have to pay those fees if I got a sales agreement signed during that 30 day period but closing happened after that period.

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1 Lawyer Answer
Mark Scoblionko
Mark Scoblionko
Answered
  • Allentown, PA
  • Licensed in Pennsylvania

A: Two different questions.

1. A house is "sold" at the closing.

2. Unless something to the contrary appears in the listing agreement, a broker earns a commission if an agreement of sale is entered into during the listing period, but which commission is payable if and when the house is actually sold.

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