If Seller Agrees To L/O How Do We Handle Real Estate Agent
Say I find a property listed for sale by relator and the owner agrees to L/O the place how do we handle the fee. Is it due when lease is optioned or at time of sale? Just wondering....... 
The lsiting agreement that the seller signed should define when the comission is due, and under what circumstance. I know it is due when sold, you will have to read the agreement to see if it applies to lease.
An alternative is to have the seller withdraw the listing and wait the prescribed length of time that the realtor has entered as a buffer for offers, and then enter your L/O.
Most Real Estate Agents are clueless when it comes to lesae options and are not crazy about wating for their money.
It is true that most standard LISTING contracts specify commission rate for a lease. The commerical ones specify a commission for the option. Of course the commission for the sale is always specified.
If the option commmission is not specified, the agent will get paid two commissions. Once when the lease is executed and once when the sale is finally complete.
Gregg
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