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.

I paid $260000. This $10,000 is not related to the price. I think the selling lender was not aware of this fee. I signed these papers as contract and I don't think this paper was submitted to the bank.

I was wondering if there is a misconduct and I can ask my money back.


Asked on 2/11/11, 2:31 pm

1 Answer from Attorneys
Joseph A. McDermott, III Attorney at Law

I think it's worth hiring a lawyer to write the broker and inquire about the fee. The lawyer would need to review the papers you signed. You can email me at [email protected] if you'd like to hire me for this.

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Answered on 2/11/11, 3:57 pm


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