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14 May, 16:02

In a transaction that is subject to a licensee buyout agreement, if the buyer defaults the seller may:

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  1. 14 May, 16:18
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    Sue the buyer for specific performance

    Explanation:

    In a licensee buyout addendum to a contract to buy and sell real estate, "Liquidated losses" (buyer lose earnest money) is omitted.

    If the buyer / broker gets cold feet, the cure is Specific Performance meaning the seller may sue for damages and compel the agent to purchase them.
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