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Estate Agency Agreements
stephanie24
Posts: 4 Newbie
We have an agreement with an estate agent (12 weeks). 5 weeks in and friend of a friend has viewed our house (she is not registered with any estate agents). She came to view it direct and is keen.
Where do we stand with regard to our estate agent. Do we have to wait 7 weeks and then sell direct to her.
Or could we take our house of the market and sell to her now? Would the estate agent have cause for complaint (legal) against us?
Thanks
Where do we stand with regard to our estate agent. Do we have to wait 7 weeks and then sell direct to her.
Or could we take our house of the market and sell to her now? Would the estate agent have cause for complaint (legal) against us?
Thanks
0
Comments
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What kind of agreement do you have with EA?
If 'sole selling agreement' then they are due their commission whoever buys the prperty - but these are rare.
If 'sole agency' they are due commission if your buyer is introduced by an EA - any agent.
If 'multi agency' they are only due their commission if they introduce the buyer.0 -
I would have thought sole agency but I will check this at home. They have done a great job (although not sold it). Obviously would rather not pay the commission though. Thanks for replying.0
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How did your friend find out that your house was for sale?0
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Did the OP TELL the friend that they had the house for sale?
Did the OP's friend find out via the EA's advertising then approach the OP?
Either way, no commission is due unless either there is a sole selling agreement or the agent actually introduced the buyer.
If the buyer saw the house in the agent's window, or newspaper ad, worked out whose house it was, and went direct to the OP without ever approaching the EA, no commission would be due.0
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