Context: We signed a listing agreement to pay the commission. Within 6 days on market, an offer was made above asking. We decided that we didn’t want to sell our home anymore and rejected (didn’t like the fact that they had an FHA loan because they come in with lower appraisals) the offer from the buyer. Broker says we are on the hook for paying the full commission.
2 things – 1. Our listing agreement doesn’t state details what financing we would accept. 2. This paragraph seems to imply that the sale needs to be completed before commission is paid.
Any way out of this?
submitted by /u/yadayoda84
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