So your home is for sale, and you've signed a contract with a Real Estate Agent, but you've been able to nab a buyer through your own efforts. Maybe it was through word of mouth or your aggressive push on Facebook, but someone is writing you an offer and really wants to buy your house. Having found a buyer on your own, are you still legally obligated to pay real estate fees or commission? Here's how to know if you're still liable.
Read your listing agreement
In most states, a seller and an agent draw up something called a listing agreement. The listing agreement details the rights and responsibilities of the seller and the Agent, and usually outlines the circumstances when a Real Estate commission is due.
During an Open listing, the seller still has the rights to sell the property themselves without having to pay Real Estate commission. If it's during an exclusive agency period, the owner may have to still pay the agent, or possibly wait until the end of the exclusive period to sell the property themselves.