California  |  Real Estate Law

Legal Question

Asked on: 7/17/13, 4:50 am

I had a commercial listing (California) that did not sell and expired 1 month ago. I Received only 1 offer, it was low, and we countered at full price. The transaction did not progress from there. Last week I gave notice to move my license to a new brokerage, have filled out the paperwork and plan to turn it in to new brokerage tomorrow. Today I received an email from agent representing that buyer wanting to negotiate again for the purchase of the building. If I transfer my license in the next day or two, as I have been planning to do, do I have any financial obligation to the broker I originally had the listing with?

The seller, has not wanted to relist the property, but said he will pay commission if I put deal together. Would it make a difference to have a new listing contract immediately upon moving my license?


Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

209 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search