Man, I have been showing property over the last two days to the point that things are beginning to run together in my head. As such, I haven’t had a whole lot of time for posts, but I do have some good drafts simmering (you’ll have to wait till the weekend). I also came across a recently released study on the commission structure of the real estate industry, and how it can be improved. I have my own opinions, but I want to see what the smarty pants at the AEI-Brookings Joint Center For Regulatory Studies have to say on the matter. The report is 77 pages and HEAVILY annotated. I am already having flashbacks to my days as a legal assistant. If I get through it this weekend, I will share.
[tags] real estate, realtor, charlottesville, brookings]
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If I show a prospective client a property and for some reason the decide against using my services and go with another agent, is there anything that I can do to obtain the commission for the property that I had shown if they happen to purchase that property?
Marcus,
The definitive answer to your question is a big MAYBE. Obviously, I don’t know where you are practicing, and the laws are different in every state. Your question is best answered by your broker, or by a local real estate attorney.