What to do when a broker pushes back on a break fee?
I included a break fee in an LOI I recently sent. The broker said they their buyer will not accept a break fee.
For me this is a red flag because why would the buyer or broker not accept a break fee unless they had
an idea to not complete the transaction?
Has anyone been in this situation before and if so, how did you hande it? I am worried that I will do alot
of work and then have the owner pull out of the transaction.
Break Fees in an LOI
by a searcher
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If you are anticipating a separate sign and close, and are just trying to propose a break fee in advance, that's different, but I'd say it's not worth fighting over at this stage.