Originally published on Slaw
A recent
decision of the Divisional Court demonstrates that some people
will try anything to avoid paying a commission to their real estate
agent.
The buyer was under a representation contract with an
agent. During that time the buyer and his wife found a house
that they liked through an open house on the same street that they
currently lived on.
The buyer emailed his agent to tell him that they had found a
house that they had liked and that although the list price was
$439,900 they were able to get it for only $430,000. The buyer went
on to state that the only way he was able to avoid getting into a
bidding war was to give the seller's agent the right to sell
the buyer's house (and thereby earn a commission on that sale
as well).
