Saturday, October 29, 2005

Buyer's agent got slim pickings

Charlotte Observer | 10/29/2005 | Buyer's agent got slim pickings: "We recently listed our home for sale at a reduced 5 percent sales commission because homes in our area sell like hotcakes with little agent effort. Within two weeks, we received several purchase offers exceeding our asking price. We accepted the best one and successfully closed the sale. However, we later learned from the buyer's agent she only received a 2 percent commission and our listing agent kept a 3 percent sales commission. Is this legal? "
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