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In a transaction that is subject to a licensee buyout agreement, if the buyer defaults the seller may:
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In a transaction that is subject to a licensee buyout agreement, if the buyer defaults the seller may:

User Regi
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Answer:

Sue the buyer for specific performance

Step-by-step explanation:

In a licensee buyout addendum to a contract to buy and sell real estate, "Liquidated losses" (buyer lose earnest money) is omitted.

If the buyer / broker gets cold feet, the cure is Specific Performance meaning the seller may sue for damages and compel the agent to purchase them.

User Singingwolfboy
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