Stud it works both ways you know, due to the lack of regulation.
I know a lotta agents who have been stiffed on commissions that were verbally agreed upon before the deal. Its all on a handshake. Lots of times someone gets stiffed and the recourse is to spend more in legal fees to try and recover ten grand, then ten grand is worth.
All you can do is mother**** the guy over the phone and tell everyone hes no good.
I no longer speak to a guy I knew for years because of it.
He gave me his word that I had 24 hours exclusively to sell a brrodmare of his at a set price for a 5% commission. SO I got on the phone and fax and email and worked hard, 22 hours later I had a client ready to wire the money. So I called the client. He said, well Mike I thought you werent gonna get it done so I let someone else sell her an hour ago.
You never heard such profanity fly out of someones mouth like it did out of mine. It was an absolute tapestry of every four letter word you ever heard.
Whats my recourse Stud? None.
So don't make it out like the screwing only goes on one way.