The Risks involved with Chasing Expired Listings 😬 Who gets the commission?

Tom Panos Rants

Chasing other agents' expired listings is often the best way to get a listing sold quickly.
But, to get your commission, you need to know how to protect your position as the outgoing or the incoming agent:

• 01:41 – What are the risks involved with chasing expired listings? Will you get your commission?
• 04:10 – Is it wise for an agent (working on an expired listing) to target buyers introduced by the previous agent?
• 06:51 – If an agent is chasing their commission from a previous listing, how do they prove ‘Effective Cause’?
• 13:25 – All smart lawyers should put 'this clause' in the contract to mitigate the risks
• 21:07 – What people don’t know about agency agreements on Ch9 ‘The Block’
• 23:26 – The new stamp duty reform in New South Wales – Is this too good to be true?

Jared Zak is the Principal Solicitor of Dott & Crossitt and has more than 15 years of experience in law and finance.
*DISCLAIMER: The information provided in this video is general in nature only and for education purposes. The information provided does not constitute as personal legal advice. Tom Panos Pty Ltd does not accept any liability for any decisions made based on the information provided. Tom Panos Pty Ltd strongly encourages you to seek professional legal advice to discuss your personal circumstances.