Question about Selling House
DH and I own a cottage on the river about 25 min. from our primary residence. We bought it 10 years ago from a college professor we'll call James who was relocating to another state. He asked us if we ever sold it if he could have last refusal on buying the house. We haven't put it on the market yet, but I emailed him and told him that it might be for sale. He was still interested in it so I told him we would let him know the particulars.
How should we handle this situation with the REA that we hire to sell the cottage? Will she still get the commission if James buys it? It doesn't seem fair for her to do all the work, come up with offers to buy and then James buys it.