Dear Monty: We are trying to buy a house, but the seller backed out of the sale. The real estate agent is holding our deposit until the seller pays their commission. I know this is not legal, but how can I get my large deposit back?
Monty’s Answer: The seller signed two contracts in this transaction: the listing contract with the broker and the purchase contract with you. The answer to your question is likely in the purchase contract between you and the homeowner.
