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What Would You Do?
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<blockquote data-quote="bramfrank" data-source="post: 139257" data-attributes="member: 2163"><p><em></em></p><p><em>Every listing contract I've ever seen (wife was an agent with C21 and then with ReMax for 15 years) gives the broker/agent any deposit moneys received (up to the commission total) for an accepted listing that fails to conclude for any reason once all conditions are met - since building inspections, back-to-back sales agreements, financing and such are generally (but not always) conditions of the listing, if the buyer can't get financing, or if there are structural issues the contract conditions will not have been met. He/she has done their work and they deserve to be compensated if the deal fails for reasons beyond the scope of the accepted contract. Even if there's a fire, the insurance company compensates the broker (been there, done that).</em></p></blockquote><p></p>
[QUOTE="bramfrank, post: 139257, member: 2163"] [I] Every listing contract I've ever seen (wife was an agent with C21 and then with ReMax for 15 years) gives the broker/agent any deposit moneys received (up to the commission total) for an accepted listing that fails to conclude for any reason once all conditions are met - since building inspections, back-to-back sales agreements, financing and such are generally (but not always) conditions of the listing, if the buyer can't get financing, or if there are structural issues the contract conditions will not have been met. He/she has done their work and they deserve to be compensated if the deal fails for reasons beyond the scope of the accepted contract. Even if there's a fire, the insurance company compensates the broker (been there, done that).[/I] [/QUOTE]
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What Would You Do?
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