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Conditional Release or Non Conditional Release?

Flushing, NY |

I want to terminate my realtor. I am asking for a release. Basically, I am paying for his advertising expenses. And I agreed that if I sell to a buyer who he had brought to the property during his representation, he will get his commission.

Attorney Answers 3

  1. Conditional Release because the realtor is only releasing you for sales made to parties that the realtor did not introduce you prior to signing the release -- ergo the "condition."

    My answer is not intended to be giving legal advice and this topic can be a complex area where the advice of a licensed attorney in your State should be obtained. Please click "helpful" or "best answer" if my answer added any value or add a "comment" if you have more info for me to help you get a better answer.

  2. what, exactly is your question?

    NOTE: (1) I may be guessing and/or not even licensed in your state; (2) We have not established an attorney-client relationship; (3) Sometimes you get what you pay for; and (4) If you want to send me a gift, my favorite color is orange.

  3. Attorney Corrigan is correct, but I would add that the best way to do this is to have an real estate attorney draft the release for you. A broker's commission is a big chunk of money and it's worth a few hundred dollars to get this right up front. I suggest it should be a general release with a carve out for a commission due only if you sell to a buyer the broker brought to you. What I would watch out for is situation arising after the release is signed where the broker sends a potential buyer your way and you sell to him and the broker wants a commission. So, be extremely clear with the carve out language that it only applies to a potential buyer the broker brought to you prior to the release being signed.

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