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Old 05-06-2021, 11:37 AM   #18469
68style
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Quote:
Originally Posted by Eff-1 View Post
Interesting.

Buyer signs purchase agreement. Then ghosts. Forfeits deposit of $70k to the seller.

Now the RE brokerage representing the seller is suing the seller for their commission, even though the deal never closed. The commission is coincidentally the entire deposit.

https://www.cbc.ca/news/canada/briti...suit-1.6015748
Wow... one would think the common sense approach would be for the realtor to take his % from the deposit obtained... I can see why the seller shouldn't just get a windfall... but the original commission? Nayyyy... a little patience the realtor will get his payday when it sells to a real buyer... why ruin your rep and your agency's rep over 1 deal???
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