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Say a Buyer purchases a house for $100,000. The Seller had a listing agreement calling for a 2% commission, resulting in a net to Seller of $98,000.
However, if the Seller had negotiated a 6% commission, the Seller's net would be $94,000. Who lost out on that $4,000? In other words, who paid the commission?
Say a Buyer purchases a house for $100,000. The Seller had a listing agreement calling for a 2% commission, resulting in a net to Seller of $98,000.
However, if the Seller had negotiated a 6% commission, the Seller's net would be $94,000. Who lost out on that $4,000? In other words, who paid the commission?
Bogus question.
Commission?
Why?
There are no agents!
And you thought you were going slip that one past...
Or as was my case, buyer buys house for $100,000. Seller owes mortgage of $100,000. Who pays the commission? I had to bring a check to close as the seller.
Or as was my case, buyer buys house for $100,000. Seller owes mortgage of $100,000. Who pays the commission? I had to bring a check to close as the seller.
The loan balance is not a buyer issue like their commission expense is. You MUST provide good title.
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