Greenville, MI asked in Real Estate Law for Michigan

Q: We discussed a price with the realtor, then he listed it for 50,000 less than we discussed. What can we do?

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2 Lawyer Answers
Kenneth V Zichi
Kenneth V Zichi
Answered
  • Fowlerville, MI
  • Licensed in Michigan

A: What does your listing agreement say?

What you ‘discussed’ is not necessarily binding if the written agreement says something else.

If there is a mistake, the realtor should (and can!) ‘fix it’ but you have to point that out to them for it to get fixed!

If they refuse or fail to fix it and there IS some mistake you MAY have a a reason to get out of the listing contract. You likely don’t have any significant ‘damages’ that would imply a lawsuit is appropriate though.

Seek local legal representation if you have further questions.

— I am licensed to practice in Michigan only and this answer is offered for information only and does not constitute legal advice or create an attorney/client relationship. Seek local legal help.

David Soble
David Soble
PREMIUM
Answered
  • Farmington Hills, MI
  • Licensed in Michigan

A: A listing needs to be endorsed by the property owner. Did you sign the document in blank? The list price should be listed on the listing agreement at the time of signature. If you have further problems, I would suggest first calling the agent's broker to get it corrected.

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