Are lawyers in maryland a real estate broker and can they receive a refferal fee from an real estate salep?
464726
Lawyers are the one profession that can receive referral fees from Realtors.  The real estate contract is a legal document, which means lawyers can receive compensation for them.
236764
It doesn't have to be anything special.  I (your name)\ndo hereby withdraw the offer to purchase the property located at (address).\n\nThe problem is you can be sued.  You need to have a good reason to withdraw.  In my case I paid for a home inspection and the guy found a lot wrong with it...the seller agreed to fix everything and was in the process of doing so but i decided there was too much wrong with it so i wrote something to that affect and I was out of the deal.\n\nI did search for a more formal example letter and didn't find one.\n\nyou could try http://www.uslegalforms.com/
798574
You're probably going to lose this one, though more facts about the nature of the contract are going to be necessary.\n\nIf the agent was in any way instrumental in getting the offer, including advertising, you are contractually obligated to pay him.  Depending on the way the contract is written, you're probably precluded from attempting to sell the property without your agent's help, so even if someone who had never seen your agent or anything done by your agent made you an offer out of the blue, you would need to refer that person to your agent.\n\nThe provision in your bi-laws basically means that if you sign a contract with a real-estate agent and the agent does *nothing* for 28-days, you're off the hook.  As it hasn't been 28 days yet, and I'd be surprised if the agent hasn't done *anything* yet, there isn't going to be any way you can avoid this.  \n\nYou may attempt to fire your agent, but you're going to need to closely consult the actual contract you've signed, preferably with the help of a licensed attorney.
765252
I'm not sure what you're asking. Check with a real estate lawyer.
148055
With a real estate license you have the right to hang your license under a real estate broker, giving you the right to provide real estate services to the public (and earn commissions thereon).  Commissions are paid to the broker, who in turn takes a cut and distributes them to licensed agents.  In order to receive commissions directly you would need to upgrade to a broker license.
279641
The mortgage lender will not provide an attorney for you.  If there is an attorney at the closing, be assured that unless you signed a retainer agreement hiring that attorney to represent you, that attorney is representing someone else.\n\nThe answer to whether you need an attorney is "it depends."  (Sorry, but true.)  If you are questioning ANYTHING about the transaction, I would advise hiring an attorney for a flat fee (as opposed to an hourly rate) to review the paperwork prior to closing (if it's a basic buyer/seller transaction, reviewing the paperwork should not take more than a couple of hours, at most) and possibly accompany you to the closing.  Again, if it is a simple transaction, the closing should not take longer than a half-hour or so.  You can very likely get legal representation for that amount of time (two hours to review documents, plus accompanying you t the closing) for around $1000.00 or so.  It seems like a lot of money, but considering what you're paying for your home, I think it would be a good investment.
145624
Yes and no.  Have you already passed your attorney and inspection period?  Have you already gotten a mortgage committment from your Lender?  If you have answered "NO" to any of these questions then those can be your way out.  Look over you residential contract closely and review those portions of the contract.  If you dont want the house b/c of a negative inspection, the attorney is not comfortable w/ the contract terms, or you did not qualify for your loan under the terms stated in the contract then you may be able to get all monies from escrow.  If not, then you may lose escrow as well as owe penalty fees to your lender for processing the loan on which you defaulted.  Please retain an attorney or speak with your real estate professional.
1041956
Talk to a Commercial Real Estate Agent.
871121
You should be fine.\nAll contracts regarding real estate are generally covered by "statute of frauds". The statute requires certain contracts to be in writing, in particular all contracts about real estate must be in writing.\n\nGoogle your states statutes, find the statute of frauds, when you go to court tell the judge that the statute of frauds applies to claim making the contract invalid.
142728
Talk to your real estate agent or laywer.
322765
That's definitely a question best handled by the professionals involved, like your realtor and your attorney. Just don't know, it'll be different from state-to-state. Plz talk to your attorney!
794442
Interview several real estate agents before you sign up with one. Ask questions and select one with whom you feel comfortable.  Don't ask if the fee is negotiable. All real estate fees are negotiable. Typically, real estate agents charge a percentage, from 1% to 4%.\nhttp://homebuying.about.com/od/realestateagents/tp/Agentinterview.htm
1012807
Realtors and their employing broker carry Errors and Ommissions insurance for issues like yours. Talk to your agent about the problem and if he/she does not resolve it then speak to the Broker. If neither party is willing to correct the error then contact the state licensing department and find out who their insurance is with and file an E&O claim. To do this you will need proof of the error so hopefully you have something in writing or some e-mails between you and your Realtor agreeing that your willing to offer X and the Realtor made a mistake either honestly or otherwise.\n\nIf the agent/broker is unwilling to work with you on this issue, your best alternative may be to fire them and retain the services of another agent.\n\nBest of luck.\n\nKevin
1154212
Here is the simple answer. You end up paying for the broker's fee. The buyer does not pay for anything but the price of the house. But of course, seller normally calculate how much they want to profit so they will adjust the listing price to compensate for the broker's fee. Although in many areas this is not such a good idea because seller are interested in a $$ amount they want to profit and they dont care how much higher they list their home to compensate for the fee. In this case the agent and the seller will have trouble selling.\n\nA typical % for commision is anywhere from 5-6%. Discount brokers will charge 1% or a flat fee but they dont do as much work as the agents that charge the normal fee of 5-6%. There is no preset % on any state because this is called "price fixing" and it's against the law.\n\nI've encounter many sellers that think that if they pay me 4.5% they are saving some money or even 5%. This is the truth about doing it this way. From the 4.5%, I will keep my 2.5% part to cover my cost and the buyer's agent will get 2% or if I get a listing for 5% its 50/50 and the buyer's agent gets 2.5%. What is the difference from the properties listed at 6%????? Well the buyers's agent will have a list of properties that best suit the buyers but they will definitely put the 2.5% & 2% commission listings AT THE BOTTOM of the list. So you actually are loosing a great chance of selling your home.\n\nNOBODY works for free, the fees might sound high but there is a lot involved in selling a home and a lot of legalities that have to be taken care of as well. So if you want to sell your house you have to sell it to the buyer's agent first so he can sell it to the buyers themselves. So in all fairness a good, fast and for top dollar sell will have a total commission of 5% but most likely 6%.\n\nThat is my opinion
546576
Call a commercial real estate agent. If you're on the 'buying' side of a sale or lease, you don't pay the agent - agents are paid by the seller (or landlord, in the event of a lease).\n\nIf you don't know of any commercial real estate agents, call a repuable local real estate company and ask if they have anyone who specializes in commercial real estate, and if not if they can refer you to someone.
803865
I am not a real estate professional, but have worked in the industry. The 5% is actually a standard rate, but 4% may be negotiated. You have to remember the commission is split between the 2 brokers that make the deal, so they usually get only 2.5% each.\n\nCheers.
1076951
call a real estate agent you like/trust, and ask for their favorite real estate attorney. You can use that person for most issues, or if you are in real trouble then ask them from a referal to a real estate attorney that specializes in litigation. If that's a good reference, then the person you end up with is one scarry SOB.