Cancel Purchase Agreement Tips

Summary

If you cancel a purchase agreement in British Columbia and have no contract with the buyers agent, they generally cannot claim lost commission. However, consulting a local real estate lawyer is advisable to ensure compliance with specific laws and regulations.

Full Conversation

I sign a purchase agreement with a seller with the assistant of a buyer agent. Now I want to cancel the agreement and seller agreed. I don't have a agreement with the buyer agent. In this case, can the buyer agent claim lost commission from me due to the cancellation of the agreement?
Did you sign any form of agreement or contract with the buyer's agent?
no
What state are you located in? Laws regarding real estate commissions can vary by location.
british columbia
In British Columbia, if no contract was signed with the buyer's agent, they typically cannot claim lost commission. However, it's best to consult with a local real estate lawyer.