Do I have to pay a commission fee to a real estate broker if I am selling my condo myself?
4 attorney answers
Keep in mind that if you don't welcome prospects with brokers, brokers will steer prospects away from you.
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I agree with Ms. Salcines. If you did not sign the sales contract as proposed, you do not have to pay a commission. The contract controls who pays what and you can modify it to state exactly what you are willing to pay in closing costs.
If you do not accept the offer you owe the broker in question nothing. Generally if someone is selling real estate in Florida without a broker, they are only liable for a commission, if contacted by a broker and if you agree to pay a commission if that broker sells the property, that is in essence an open listing. In situations with an open listing the broker should be required to register the names of all prospects shown the property to avoid issues whether a commission is due. It would be a good idea to retain an attorney to handle these aspects and your interests as a seller at closing.
If you have it listed with a realtor, you may have to pay. If you have it listed for sale by owner, NO. Be very careful and hire the services of an attorney. We can protect you against these kinds of scams and realtors are famous for them. You do not need to pay anyone anything unless you entered into a contract with them, and if they are the buyer, you have not entered into any contract to pay them anything. They may add the language to the contract for purchase of the unit so hire an attorney to review and prepare the contract prior to your signing. For a small fee, an attorney can handle the whole transaction for you from h ere, federal express everything to you there out of state so you don't even need to come down for the closing. Read our reviews before hiring any attorney.