Quote:
Originally Posted by Wayne at Pelican Parts
Have a lawyer review the contract - if what you say is true, then this would be highly unusual verbage for a real estate contract.
-Wayne
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Not really unusual verbage at all. Most listing contracts have a clause if the listing agent brings a buyer through the home during the listing period, and the buyer purchase the home within a specified period of time, the agent is due the commission on that buyer. This clause is waived if the property is listed with another brokerage. Usually in this case, the same agent could claim "procuring cause" with that buyer and receive the co-broke.
General contract terms depend on geographic area and your local board of realtors.
This is why I recommended listing with a flat fee broker and not offering a co-broke. The letter of the contract is met for that buyer.