Legal Question in Real Estate Law in Michigan

Re: ramifications of not going through with a purchase agreement?

In most listing agreements, the seller agrees to pay a commission which is to be split between the seller's agent and the buyer's agent. Furthermore, the offer to purchase may have been contingent upon you agreeing to pay the buyer's agent's commission. Check your documents carefully.

On the other hand, buyers do sign agency agreements promising to pay a commission to the buyer should the seller not agree to pay.

If you would like me to do a quick review, I would be happy to do so. I specialize in real estate issues such as these in that I have a real estate license.

Please contact me at www.lawrefs.com or [email protected].

Re: ramifications of not going through with a purchase agreement?

This may be a meritless lawsuit depending on the factual circumstances. You should contact an attorney to ensure that your rights are adequately protected.