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with a quick sale, do I pay realtor commission in Michigan?

Asked By Sarah Rossell | Lansing, MI | 385 views | Selling | 1 year ago

Answer(3)

Pro

123 Answers

Chris Yochum

Dickson Realty

(22)

Length of time it takes to sell a home is not usually a factor. It is best to read the contract you have agreed to so you have a thorough understanding.

Rising Star

15 Answers

Hi Sarah! I am a Realtor in Michigan. A typical exclusive right to sell contract usually dicates that the brokerage is owed a commission for the sale of the property no matter who purchases it. In a typical exclusive agency listing contract the brokerage is owed a commission IF they bring a buyer. There are also one party listing agreements that are common among "for sale by owners" that are dealing with a buyer agent; in these the commission is negotiated before the offer is presented. The speed of the sale is not relevant in determining if a broker is owed a commission unless the contract has expired. I hope this helps answer your question. Make today great!