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re: Listing agreement termination fee?

Posted on 9/27/15 at 3:41 pm to
Posted by SaintsTiger
1,000,000 Posts
Member since Oct 2014
1126 posts
Posted on 9/27/15 at 3:41 pm to
Don't pay it until you sell the house. Get the new agent to agree to pay the $500 out of his commission.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65887 posts
Posted on 9/27/15 at 4:08 pm to
quote:

Don't pay it until you sell the house. Get the new agent to agree to pay the $500 out of his commission
If I were an agent negotiating with a new client, I would avoid this type of deal.

It would make me think twice about dealing with a client who behave like that.

I would walk away rather than agree to pay for something that wasn't my fault.

This post was edited on 9/27/15 at 4:11 pm
Posted by lsufanintexas
Member since Sep 2006
5011 posts
Posted on 9/27/15 at 4:10 pm to
No sorry for the confusion.

I no longer have a realtor. The new realtor I am looking at going with includes the 500 termination fee in her listing agreement. We haven't signed the listing agreement yet.

My question is more generic: is 500 too high for a termination fee or should I negotiate lower?

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