Legal Question in Real Estate Law in New York
If a buyer has a commission agreement with a broker for an apartment and fires the broker, what is the obligation of the new broker to the old broker if the same apartment is sold?
Asked on 10/24/12, 11:48 am
2 Answers from Attorneys
Rory Alarcon
Rory Alarcon, Esq.
This depends upon the terms of the written agreement. If the old agreement has not expired, there may still be a fee owed to the old broker. The obligation, however, is on the SELLER, not the new broker.
Answered on 10/25/12, 4:03 pm
Walter LeVine
Walter D. LeVine, Esq.
I agree with Rory, and since I have not seen the agreement either, I cannot respond better.
Answered on 10/31/12, 11:50 am
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