Refusal To Pay Commission
I have found a decent deal which I am deciding to flip. It is a short sale (price approved) and when the bank realized that the buyer (me) was also the agent, they turned around and said that they would not be paying me a commission as it is "self dealing".
I find it low of them to do this, but I guess in this business you see all faces.
My question is that of the legality of not paying out the commission. The contract states that both agents are entitled to 3%. Regardless, of whether I was getting this property for myself or acting as an agent, my expenses, time and work to getting it to close would be the same. If that is the case, is an agent not entitled to a commission?
I look forward to seeing the different points of view (as well as solutions or "go-arounds)
Ty,
Sam