Question

Harry Chambers helped buyers Hugh and Betty Flint find their dream home. At closing, Harry and the Flints learned how antagonistic the relationship between the seller and his broker had become. The seller, who attended the closing with his attorney, declared that his broker "did little to market this property. I should have made $100,000 more." Then he turned to his attorney and said, "I want you to do everything you can to make sure he does not get a dollar in commission." If the owner refuses to pay commission to his broker, what will happen to the other broker's commission?

Answer 1

First of all, when a buyer or a seller agree to work with a broker, they must first sign a contract that binds them. If the seller's broker failed to perform his/her part, it is something completely irrelevant to the buyer's broker. They will probably engage in a legal dispute over the brokerage fees involved, but that is someone else's problem.

The buyer's broker actually did a good job according to the seller since he/she bought the house at $100,000 below the market price. The buyer should be happy with his/her broker and should pay with a smile on the face.