I just recently signed a listing agreement for my small business with a business broker. I have now decided that it would be best to close the business all together. Will I be able to get out paying a commission -- Here's one of the points on the listing agreement:
3. Seller agrees that if this listing is cancelled or the property withdrawn from sale during the listing term by Seller, the
commission shall become immediately due by Seller to Broker. If Seller refuses or is unable to comply with the listing
terms for any reason, thereby preventing disposition of the property during the listing term upon the terms set forth above,
the commission shall become immediately due by the Seller to the Broker.
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