If a real estate commission is not agreed upon in writing, what is the likely outcome?

In the context of real estate transactions, if a commission is not agreed upon in writing, the likely outcome is that the commission may not be collectible. This aligns with the principle that agreements in real estate transactions often need to be documented to be enforceable.

In North Carolina, a real estate broker typically cannot claim a commission unless there is a written agreement outlining the terms, including the amount of the commission. Without this written agreement, it becomes challenging for an agent to legally collect any commission, as the lack of documentation can lead to disputes regarding the expectation and obligation to pay the commission.

Having a written agreement protects both parties by clearly outlining their rights and responsibilities regarding compensation. In scenarios where the agreement is missing, it can lead to complications that may inhibit the agent's ability to recover any fees associated with the transaction.