Legal Question in Real Estate Law in California

agent commission

I am an 87 year old widow. After 54 years, I decided to

sell my house. I contacted a real estate agent - and in

the end, he decided to buy the house for himself, as is.

He agreed to my asking price. He deducted his

commission from the selling price. After escrow

opened, he told me that he could not afford the house.

However, the deal would go through if I lowered the

price by $10,000. Since I had made arrangements to

move already, I agreed. My questions are: is he entitled

to a commission if he buys the house, was the $10,000

reduction extortion, and do I have grounds for legal

action? Thank you .


Asked on 8/01/02, 7:25 pm

4 Answers from Attorneys

Joel Selik www.SelikLaw.com

Re: agent commission

This guy has real problems. In addition to the various other violations it is probably Elder Abuse. Get an attorney.]

Joel Selik

Attorney, Real Estate Broker

www.4thelaw.com

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Answered on 8/02/02, 3:14 pm

Re: agent commission

I see major issues of whether the agent breached his fiduciary duties in the facts you described. See a real estae attorney as soon as possible. I would not be surprised if a demand letter couldn't fix this situation without litigation.

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Answered on 8/01/02, 7:56 pm
Robert Mccoy Law Office Of Robert McCoy

Re: agent commission

Sounds to me like you have a pretty good lawsuit. I would need more info, of course, but would be interrested in talking to you and looking at your documentation. Call for an appointment.

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Answered on 8/01/02, 8:55 pm
Larry Rothman Larry Rothman & Associates

Re: agent commission

You may have a very good case against the agent for breach of fiduciary duty. If you can fax me your paper work to 714 363 0229, I will call you and advise you if you have a case without charge. If you have a case, I make take such a case on a contingency to try to recover the rest of your money.

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Answered on 8/01/02, 10:57 pm


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