For as long as I've been in the real estate bidniz, and that's now going on 44 years, I've had people ask me this question:
"How long after my listing contract expires must I wait before I am no longer contractually obligated to pay the agent for a sale to one of his clients that he brought by."
And I note that it is one of the most frequently asked questions at the Active Rain consumer Question and Answer site.
You see, for some reason, a lot of potential buyers like to go around their agent. They call the property owner without the agent's knowledge, and here's what they say: "What if I buy your house after the listing expires? You won't have to pay the commission, and we can split your savings."
Sellers make the same calls.
Listing contracts usually address those who are tempted to go that route, by saying, for an example, that any sale that results from a showing during the term of the contract will accrue the commission if the agreement is made within 90 days of the contract's expiration.
But why have we as a society let ourselves be led to believe that our legal obligations and moral obligations are one and the same?
I simply don't understand or accept that rational.
If your work results in a benefit for me, I need to pay you for it. It is corrupt logic for me to attempt to figure out how I can "legally" get out of doing it.
And I'll bet in your heart that you know that the same goes for you.
BILL CHERRY, REALTOR