Will my wife’s promotion cost us?

Q: We had our home on the market through a broker, he brought us a buyer but at the same time our financial situation changed, my wife got a raise and we decided to stay in our home. Do we still owe the commission?

A: Contract terms can differ but likely yes. Commission is usually considered earned when a broker brings a ready, willing, and able buyer to the seller for the terms specified.

 

Filed Under: Selling