real estate business practices: When Is a Real Estate Commission Earned?
- 06/21/17 10:58 AM
When is a real estate commission earned? This is a most important legal issue for real estate brokers and agents to know about and understand. Real estate law in some states of the U.S. is that a real estate commission had been earned if a buyer was procured who made an offer that matched the price and terms specified in the listing agreement, or on other price and terms the seller might find acceptable. According to those laws, a completed transaction was not a required condition for a real estate commission to be earned by the agent. The California Appellate Court ruling in 2012 … (3 comments)
When is a real estate commission earned? This is a most important legal issue for real estate brokers and agents to know about and understand.
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