Legal Question in Real Estate Law in Texas
I recently purchased a short sale property in Texas. Listing and buyer agent are from the same company. I closed the house couple of months ago. I signed a paper in the contract which says " Buyer to pay $10000 for reassignment fee to contract outside of closing.". After closing, I was asked to pay that $10000 to the listing agent. I paid that with a cashier check. Is this legal? can listing broker charge reassignment fee?
This $10000 was not listed in closing documents (HUD statement). I signed a paper that says that I have to pay $10000 for reassignment fee. I paid that after closing. And I was thinking that this payment will go to some 3rd party, instead it went to selling agent.
1 Answer from Attorneys
What did you pay for the house? Does the $10,000 relate to the price? Was the selling lender aware of this fee?
More facts are needed before it can be determined whether there was any misconduct.