Legal Question in Real Estate Law in Iowa
selling a house
I have tried to sell a house through a
realtor who I feel has not done a
good job for me. My contract with
her ends shortly and I have decided
to try to sell the house
independently at a reduced rate. Is
it legal/ethical to contact an
interested party once my contract
with the realtor has expired, even
though said realtor did initially show
the house to the interested party?
1 Answer from Attorneys
Re: selling a house
Have your attorney review the listing agreement. They will generally have a clause that states you agree to pay the commission if you sell the property to someone brought to you by the real estate agent--even after the listing agreement expires. Believe me, especially in this market, the real estate agent is going to be watching out for this. Your best bet is to talk to the agent's broker and explain your situation.
And, you probably already know the answer to the question regarding whether or not it is ethical to sell the property to someone who would not have known about the property but for the agent's efforts.
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