If we have a signed buyer brokerage agreement and have found a house on our own (for sale by owner) with no contact. can we terminate the contract ?
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If we have a signed buyer brokerage agreement and have found a house on our own (for sale by owner) with no contact. can we terminate the contract ?
Asked on June 15, 2009 under Real Estate Law, Georgia
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 15 years ago | Contributor
Nope. Depending your contract, you may owe the broker anyway -- this is why I never enter into an agreement. And, if your contract so states that your broker gets a fee no matter what, and you breach the agreement, you can be liable for a whole lot more.
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