(8) Situations When Broker's Entitle to a Commision

Question 1

What are the 8 situations a broker is entitled to his/her part of the commission?

Answer 1

• owner changes mind
• wife refuses to sign
• defects on owner’s title
• owner’s fraud
• owner unable of giving up possession
• seller insist on new terms
• seller and buyer cancel contract
• seller cannot be forced to offer to sell. But if stated in the agreement/DROA, then seller is liable for paying commission