A judge has ordered a B.C. couple to pay a $52,500 commission to the real estate agency that listed two properties they owned, even though a sale of the properties was never completed.
Seller beware: Real estate agencies can collect their fee even if a buyer defaults on a sale, B.C. man learns
Mike Armstrong and his wife are facing a lawsuit from their former real estate agency over commission after their buyer disappeared before the closing date for two cabins on Lake Errock.
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Professional standards expert says it s legal but rare for brokerage to demand commission in failed sale
Posted: May 06, 2021 5:00 AM PT | Last Updated: May 6
Mike Armstrong and his wife are facing a lawsuit from their former real estate agency over commission after their buyer disappeared before the closing date for two cabins on Lake Errock. (Christian Amundson/CBC News)