Seller's broker gets half of seller's earnest money if buyer breeches (Texas)
Is this a normal part of the seller contract?
I have asked 4 different realtors for a contract that I can read over before signing. Only two would send me a contract.
One realtor sent the contract and I asked him to remove that paragraph. He said it's state law and can't be changed.
I asked the other realtor the same. She said she'd get with her broker.
I tried to post a snip of the paragraph, but reddit would not let it go through.
Edit to add. The bot told me to answer these questions
Please make sure you have included the following information in your post.
- Location - south Texas
- Have you asked your broker, team lead/mentor, or an attorney? - Yes
- Buyers/Sellers/Clients : I haven't hired anyone yet, but I have spoken to several realtors