CLOSING – The final step in closing a real estate transaction when the seller hands over the property to the buyer in exchange for the purchase price. Can an agent represent both the buyer with an exclusive right to represent the buyer and the exclusive right to represent the seller in Virginia? Court testimony established that Coldwell Banker knew from the outset of the parties` relationship that the neighboring owners, Silver Line, Inc., had the «right of pre-emption» or an option to purchase the Romanos*322 land prior to sale to a third party.  Coldwell Banker`s agent, Tony Sabia, head of Romano`s land, stated that the handwritten statement relating to Silver Line`s right of pre-emption was inserted in the part of the contract form reserved for derogations from the broker`s exclusive right of sale. Lord. Romano testified that he understood that, under the exclusivity agreement, when Silver Line exercised its option to purchase the property, coldwell Banker was not entitled to a commission. We like to think that the right training and experience are the best agents. But the truth is that not all agents are suitable for all sellers. We advise you to use this simple formula to decide if an agent works well for you: you should contact a qualified agent as soon as you decide to sell your home. There are always buyers looking for, and the agent is your bridge to those buyers. While the number of buyers remains relatively constant, they tend to act when a new high-value property is for sale. Timing is key, and a good agent is able to act quickly.
In addition, the offer of the potential broker, Donnelly, necessarily depended on the occurrence of at least two unmet conditions: the conclusion and approval of a definitive purchase agreement and the refusal of the silver Line option for the purchase of the property. As these contingencies have not been satisfied and the property has not been «sold or transferred» to Donnelly, Coldwell Banker is not entitled to a commission. See Shumaker v. Lear, 235 Pa.Super. 509, 345 A.2d 249 (1975) (if the mortgage financing conditions were not met, if the buyer was not «ready, willing and capable» and if the broker is not entitled to a commission). CLOSING COSTS – Selling expenses that must be paid in addition to the purchase price (in the case of the buyer`s expenses) or deducted from the proceeds of the sale (in the case of the seller`s expenses). . .