Here's another commission-related question...
We have a house listed for sale with Agent A. We've had a few inspections, but no offers although a few people are "still thinking about it."
Agent A's (exclusive) listing period is about to expire. For a few different reasons we weren't particularly happy with him, so when the listing period expires our intention is to take the house off the market until after the holidays, then re-list it with an exclusive listing with another agent, who we'll call Agent B. (I don't really want to do an open listing, as in my opinion they tend to get fairly poor service from agents.)
My question is - what happens if one of the people who initially inspected the home with Agent A, decides to make an offer on it later when it's listed with Agent B? Who gets the commission?
Given that there's every possibility that this could happen, how should I allow for this when signing the listing agreement with Agent B? I'll have a list from Agent A of all people who were introduced to the property by him, but I'm not sure exactly what to do with it, in terms of making Agent B aware that there may be a commission conflict if any of these people make an offer on the place.
Any ideas/thoughts/suggestions/advice?
We have a house listed for sale with Agent A. We've had a few inspections, but no offers although a few people are "still thinking about it."
Agent A's (exclusive) listing period is about to expire. For a few different reasons we weren't particularly happy with him, so when the listing period expires our intention is to take the house off the market until after the holidays, then re-list it with an exclusive listing with another agent, who we'll call Agent B. (I don't really want to do an open listing, as in my opinion they tend to get fairly poor service from agents.)
My question is - what happens if one of the people who initially inspected the home with Agent A, decides to make an offer on it later when it's listed with Agent B? Who gets the commission?
Given that there's every possibility that this could happen, how should I allow for this when signing the listing agreement with Agent B? I'll have a list from Agent A of all people who were introduced to the property by him, but I'm not sure exactly what to do with it, in terms of making Agent B aware that there may be a commission conflict if any of these people make an offer on the place.
Any ideas/thoughts/suggestions/advice?