Location: New Jersey
Submitted 11/07/09 01:07 PM

Q. If you receive a full price offer for your home and you don't accept, 1) do you have to take it off the market for a year? 2)do you have to pay the commission to the agent

 

Answer #1
Submitted 11/09/09 02:41 PM
Margery Stern (Custom Service Realty (Owner)): Real Estate Agent in Sterling, VA Margery Stern (Custom Service Realty (Owner))
Real Estate Agent
Sterling, VA

Contact Me

A.

I don't know of any laws that state you must take the property off the market for a year after turning down an offer.  In the other instance, your listing agreement will state that you owe the commision if your agent brings you a ready, willing and able buyer.  In other words if you have a full price offer but the buyer is not financially able to buy the house you do not owe a commission.

Answer #2
Submitted 11/28/09 08:09 AM
Irene Kennedy Sussex County NJ Realtor® (Weichert): Real Estate Agent in Sparta, NJ Irene Kennedy Sussex County NJ Realtor® (Weichert)
Real Estate Agent
Sparta, NJ

Contact Me

A.

Why would you reject a full price offer? Were the buyers asking to lots of repairs or fail to show they had the financial means to back up the offer?
ActiveRain Sponsors Activerain-aviation Newinformation 125x125_1 Tilead

Disclaimer: ActiveRain does not evaluate or guarantee the accuracy of any Ask a Real Estate Professional responses. All questions and responses are provided by ActiveRain Real Estate Network community members. You agree that any use you make of such responses is at your own risk and that ActiveRain is not responsible for any losses resulting from your reliance on any Ask a Real Estate Professional responses. Ask a Real Estate Professional responses should never be used as a substitute for advice from a qualified professional. By submitting a question to Ask a Real Estate Professional, you acknowledge that ActiveRain is not responsible for any response you receive or do not receive, and you agree to hold ActiveRain harmless from any loss, harm, injury or damage resulting from or arising out of your submission of the question or your use of or reliance on any response thereto.