Legal Question in Real Estate Law in Indiana
Owner hires Broker to list and sell home. After 2 months, owner whats to cancel listing and hire new Broker to list and sell home. Original Broker wants a referral fee from new Broker - is this ethical or right?
Asked on 11/03/15, 8:55 pm
1 Answer from Attorneys
Jay Rigdon
Rockhill Pinnick LLP
Owner can't just cancel listing. If the listing has not expired, old broker may justifiably seek referral fee to waive enforcement of listing agreement.
Answered on 11/04/15, 1:15 pm