Can I avoid Real Estate commission when I am not officially represent yet but after signing a contract?

Hey there. I signed a contract with a Real Estate agent stating that I would give him commission upon sales, etc. etc. You know the deal. Well, the bi-laws in the community co-op I live in(which is in Dupage County Illinois) state that within the first 28 days I am not officially represented by my agent, and that they can only represent me "as a friend." Well, I received an offer which I would like to accept, but it's still within the 28 days where my co-op organization represents me, and the conflict caused by this is that even though my Real Estate agent has done nothing for me he says he needs full commission because I've signed a contract and he says my organization doesn't know what they're talking about because 'the law is on his side.' Is this true, or is my Real Estate agent trying to rape me out of my $10,000+? Please give me any advice on how to get around paying for this travesty because otherwise I will be getting absolutely screwed to the maximum and I don't deserve it.

You're probably going to lose this one, though more facts about the nature of the contract are going to be necessary.

If the agent was in any way instrumental in getting the offer, including advertising, you are contractually obligated to pay him. Depending on the way the contract is written, you're probably precluded from attempting to sell the property without your agent's help, so even if someone who had never seen your agent or anything done by your agent made you an offer out of the blue, you would need to refer that person to your agent.

The provision in your bi-laws basically means that if you sign a contract with a real-estate agent and the agent does *nothing* for 28-days, you're off the hook. As it hasn't been 28 days yet, and I'd be surprised if the agent hasn't done *anything* yet, there isn't going to be any way you can avoid this.

You may attempt to fire your agent, but you're going to need to closely consult the actual contract you've signed, preferably with the help of a licensed attorney.

contact ur lawyer dud

Tags

　　Insurance Law 　　Immigration Law 　　Health Care Law 　　General Civil Litigation 　　Family Law 　　Estates Law 　　Environmental Law 　　Entertainment Law 　　Employment Law 　　Elder Law 　　Education Law

Related information

Maximum estate value without probate?

Depends on the laws in your state/jurisdiction. It can also depend on what you classify as "estate property" Look to your state's probabte code or contact an attorney.

...

I have a question about estate inventory?

No. A person who is named as a fiduciary should keep separate accounts and records. There should be no commingling of funds. It is sufficient that you moved the money into a separate account for ...

Can my aunt (executor of estate) not let me get my share of my fathers estate money?

There was some kind of will otherwise your aunt could not hold that position. Executor (or formerly executrix if female) is also a legal term referring to a person named by a maker of a will, or...

Estate settlement?

Contact the executor of the will.

...

Estate inheritance vs. SSI?

The short answer is yes. The way to solve this is to transfer his money into a special needs trust. These are tricky. You'll need an estate planning attorney or social security attorney to ...

Estate left intestate Question.?

Prior to probate, none of their heirs owns anything. The heir could contractually promise to sell what they get, after they get it. But that is a private matter between the to-be-heir and the pu...

Estate laws?

As administrator, file a motion in court if you could already sell the house. You just have to know if your mother has creditors so that you also notify them of your intention.

...

Restrictive Covenant - Real Estate Law?

Okay, I'll redo my answer since you clarified what is going on. Yes, Dante has a case against Carmie for violation of the covenant. It was a real agreement, paid for in cash and is valid. ...