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  • Pay Realtor Commission w L/O?

    Does the owner of the house need to pay a realtor if he pulls it off the market and leases it out, but the lessee has the option to buy in a year? The contract says if he sells within 80 days of pulling it off, he owes the commission, but wasn't sure how that applies to a L/O.

  • #2
    If your selling on a lease option, the sale of the property will take place the day your leasee exercises the option. Until then, you only have a lease agreement with an OPTION to buy.


    mphky

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    • #3
      I know that's what a L/O means, but I'm asking what happens in real life. It seems that realtors think there is still a commission owed them because the house was found on the MLS.

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      • #4
        Only when the L-O cashes you out does the realtor get paid

        Make sense?

        Nate-WI

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