Ramifications of buying a previously shown property.?

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I was shown a home by a Florida real estate agent in January, 2011. I made an offer several days later which was rejected. I ended interest at that time. The property was taken off the market in early summer. I recently found out that the property will be advertised for sale “by owner” shortly (October – November 2011). If I should make an offer and subsequently buy, what are the legal ramifications for the buyer and/or seller as to the original listing agency and realtor showing the property?

  1. Reply
    November 10, 2011 at 4:31 am

    You will need to check Florida real estate law relative to such a situation. Some states protect a real estate agent’s commission for one full year after an offer is made, etc. If you purchase within such a time frame, the seller can be held responsible for the full commission stated in the original listing contract. The buyer has no responsibility to pay such commission. The full burden would fall on the seller. However, if the real estate agent who showed you the property was acting as a ‘buyer’s agent’, then the fees owed to such buyer agent would fall on the buyer.

    Check this out carefully before proceeding.

  2. Reply
    November 10, 2011 at 4:54 am

    Likely, very little ramificatioins 11 months later. The answers would lie in the sellers listing agreement and in your buyer’s agreement (if any). Both have paragraphs addressing this situation. — http://www.findinsomd.com

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