Question: I submitted an offer on a short sale which took 2 months for approval and were schedule to close, however, a day before closing the listing agent decides to lower my commission because according to her our office does not pay what she pays, she did not tell me this when the offer was made or accepted and the commission is advertised with the higher commission split, the agent's broker and her have said that they will cancel/postpone the closing and will only close it if I take less of a commission. The buyer, seller and seller's lender are ready to close. I will not take less because I find it unethical and I believe they have no right to cancel a closing. What are your thoughts?
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Thank you All for your suggestions they were very helpful and the transaction closed with our office getting as advertised in the MLS after an email was sent without anymore delays from listing side :-)
If you stand inthe way of the closing, the buyer can sue you.
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