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Updated almost 7 years ago on . Most recent reply

Wholesale a listed property?
Most Popular Reply

@Jeremy Baxter It depends on the terms of the listing contract. It's almost always (at least here in MA) an "Exclusive Right to Sell". In that case, the seller pays the commission regardless of who produces the buyer.
In a very few cases it could be an "Exclusive Right to Sell - with Named Exclusion", meaning that the seller has named a particular person(s) who can buy the property with no or reduced commission paid.
In even fewer cases (almost never) it could be a "Non-Exclusive Right to Sell", meaning that the seller can sell it on his own without paying commission. If an agent brings the buyer, he does pay commission. However, in my market, a Non-Exclusive cannot be listed on MLS.
Of course, now that it's listed, it's going to sell at market value, so you're out of luck.
So most likely, yes. The seller will have to pay a commission to the agent.