Agent

Seller: Price cut calls for lower commission

Seller finds compromise is often a one-way street
Published on May 5, 2009

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by CareyBot

DEAR BENNY: Isn't a contract a contract? I am about halfway through an eight-month listing agreement. The Realtor is pressuring me to again lower the asking price. He has shown me where similar homes for sale have recently had their asking prices reduced. I know the market is going that way, but I cannot afford to lower my price and don't have an urgent need to sell immediately.

Do I have any legal or ethical obligation to lower my price or can I simply stick to my guns and expect that my contract be continued as is? I assume that the listing contract is legally binding and cannot be changed. If I wanted to go to another Realtor, could I get out of it or do I need to wait for the contract to expire?

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