Conditional Release or Non Conditional Release?

Asked about 1 year ago - 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. John P Corrigan

    Contributor Level 19

    6

    Lawyers agree

    Answered . 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... more
  2. James K. Lyder

    Contributor Level 11

    5

    Lawyers agree

    Answered . 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.

  3. Peter J Weinman

    Pro

    Contributor Level 17

    2

    Lawyers agree

    Answered . 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... more

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 

Ask now

27,569 answers this week

2,857 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

27,569 answers this week

2,857 attorneys answering