I am trying to sell my home and my broker/agent will not hold an open house, will not run print ads, and has only got us ONE SHOWING in 2 MONTHS. I am waiting for the contract to expire to get a new agent. My question is will I owe her any money at the end of the contract? Is it customary to pay a listing charge if you decide not to sign an extension of the contract? The contract states "seller shall pay in cash to broker for services a total commission as follows:00 listing broker." Doesn’t commission mean you sold something??
The contract is vauge. It just says for services rendered. It doesn’t say at closing or anything like that. It just says a commission for services.
Nothing in the contract listing specific marketing plan. Just that she has copyright over the pictures and fliers.
A couple more things: the agent is the broker and we are offering 3.5% to the buyer’s agent. I just have this sinking feeling that this is a con where she does nothing but put a sign in the yard with some fliers and slaps it on the MLS and when the 3 months is up and you are angry that you have had no action, she tells you to pay 00. Sounds like a no-work way of making money. She was a recommendation though. I Googled her before signing the contract I couldn’t find anthying negative.
Do I owe my listing agent money if the house doesn't sell and I relist?
Posted by Admin on May 9th, 2010
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Posted in open house listing 
Tags: broker agent, fliers, making money, marketing plan, mls, new agent, open house, print ads, sinking feeling
I doubt if you owe anything just for a listing….but if you feel unsure about it then by all means call that broker and ask them to be sure.
Homes just aren’t selling now so it may take several months for you to sell that house. Some people have cut the cost of the home by 10%, others have added vacations or cars or added furniture and appliances to the deal to sell the home. But still many aren’t being sold because of the foreclosure problem going on right now.
There’s always the possibility you could do a "rent to own" and have your broker see if they can find a renter for you. They’re supposed to run a background and credit check of whoever rents it. They they rent to own they will take better care of the property. And there is a fee to the broker monthly on a rent to own.
Yes, commission does mean you sold something. That’s why I don’t believe the broker will be collecting anything.