Q: My 90 year old mother listed her house for sale with Realtor A for $89,900. I told her the asking price was too low.
I called Realtor B and was told her house should be worth "in the $120,000s". My mother promptly called and cancelled the original listing. (they agreed) Realtor A hadn't yet taken any pictures or even put the listing in the MLS. My mother listed with Realtor B for $124,900. The house sold within a week for full price. Realtor A sent my mother a letter stating that the original listing agreement is still in force and they expect to be paid a full commission.
An added twist: It turns out Realtor A is the buyer's agent and will be splitting the commission (on $124,900) with Realtor B. It seems to me Realtor A should be satisfied to share in the larger cut, thanks to a competent realtor's accurate valuation... and run like a thief.
A: you need to read the agreement. Unless it was formally terminated, she cant just switch without consequences. The second broker should have asked her/you whether you had a previous listing, and made arrangements. So start with #2 broker.
1 user found this answer helpful
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.