How to cancel an exclusive listing contract in California
I recently had a question from a client who asked me "is it legal for me to cancel an exclusive listing contract? My answer was, of course, yes you can cancel a contract (after all the seller is the boss) but I informed this person that this was not the same as saying that you might not owe a real estate commission to the broker (you did sign a legally binding agreement in most cases). We have talked about broker commission agreements on Attorney Steve's "commission college" video series. … (0 comments)
Click on the picture to watch the video We recently had a case come to our office where my client had an exclusive listing agreement with the seller of a residential property. The broker was serving the client well, and then a competing broker (upset that she lost the listing to my client - a very successful broker) came back into the seller-brpoker relationship and interferred with the seller, and intending to disrupt the relationship. The realtor code of ethics talks about respecting existing broker-seller exclusive relationships. Even though … (4 comments)
contract: Truth in Lending ("TILA") rescission......you only have three years to rescind your loan after "consummation," but when does the CLOCK begin to run?
- 01/11/11 05:32 AM
The following is an overview of a few cases I was looking at in the area of Truth in Lending ("TILA") law. We get a lot of questions about when TILA three years begins to run. THIS IS NOT LEGAL ADVICE AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. RATHER THESE ARE A FEW CASES THAT DISCUSS TILA RESCISSION, AND GIVE YOU SOME IDEAS OF SOME OF THE CASES OUT THERE. PLEASE CONSULT A LITIGATION ATTORNEY BEFORE FILING A CIVIL LAWSUIT FOR TRO OR INJUNCTION. The general rule you will normally see in regard to TILA 3 year right … (2 comments)
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