We had our property on the market with a local high street estate
agent for 8 weeks and did not renew the contract but they continued to
They got a buyer for the property, but then the buyer had difficulty
arranging their finance. The buyer then got a relative to purchase the
property which all went through.
I would like to know whether I am still liable to pay the Estate
Agents fee even though the relative was not introduced or in contact
with the Estate Agents.
I seem to recall that my selling contract would revert to a standard one
after the initial "sole vendor" part ran out (as was not renewed). This
could have been expensive as the fee would have risen from 1% to 2.5%.
I suspect so, but read the contract. It should say in there.
Was the contract for a fixed 8 weeks, requiring some action to
renew/continue, or was it for a minimum of 8 weeks, after which you
could terminate it by some means? As an estate agent, I would guess the
latter if you read it carefully.
Whatever the contract says, they have fulfilled their obligation and, if
you dont pay them, you might find that the principle of "what goes
around, comes around" applies, if not immediately, then eventually.
Yes, the buyer found out about the property through the estate agent, albeit
Agents are very alert to any kind of fee avoidance and if they know about
this you can bet they will want their cut. e.g. if orig vendor and relative
have same surname I would think they are bound to find out.
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