General Question of a situation I heard of in Cleveland, OH
Hi All,
I have a question to ask in general. It's more for the Real Estate agents than the investors but if you may be able to shed light let me know.
Caveat: This scenario MAY be in a vacuum without seeing an actual contract so I understand in advance if a hardline answer can't be given.
Scenario: A homeowner lists their home for 17900. An agent makes an offer for 16000 and so owner signs the contract with the agent. After owner thought about it...owner now realizes that the deal might not be as good as originally thought. Owner decides they don't want to sell anymore and the agent is demanding that owner owes $3,999 since they want to back out.
Question: If the 3,999 is the amount for marketing fees that would make sense right? Agents aren't paid commission on a no sale right?
Thanks in advance and again I apologize, I know the question is sort of in a vacuum without an contract.
Jacquelyn Ceasor