Read the following fact pattern and tell me whether or not you would pay a broker 3% commission under these circumstances. 1) You are selling your apartment FSBO (for sale by owner) and advertising on CraigsList. 2) On Day 20 of your FSBO listing, you agree in a written e-mail to allow the #3 NYC brokerage firm to post it in their internal database available to their brokers only and to pay a... [more]
Read the following fact pattern and tell me whether or not you would pay a broker 3% commission under these circumstances.
1) You are selling your apartment FSBO (for sale by owner) and advertising on CraigsList.
2) On Day 20 of your FSBO listing, you agree in a written e-mail to allow the #3 NYC brokerage firm to post it in their internal database available to their brokers only and to pay a broker from that firm 3% if and only if they bring the buyer.
3) On Day 33 of your FSBO listing, a potential buyer shows up at your Open House from having seen it on CraigsList and says that their broker will contact you.
4) Later that same day, the potential buyer’s broker calls and asks about the apartment, and later that same evening, the same broker e-mails an offer on behalf of the buyer. As it turns out, the broker is from the #3 firm which had the apartment in their internal database per the Day 20 arrangement.
5) Said broker does other broker tasks such as coordination through executed contract, appraisal, and board package preparation.
Would you pay this broker 3% of your sales price?
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