Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm making an offer and in the contract is a fee of $235 on top of 3.5% of the purchase price.
It is worded: In addition, buyer and seller acknowledge that the buyer is obligated to pay PPR under a buyers service agreement the sum of $235, plus 3.5% of the sales price.
What exactly is this? I'm trying to quickly research before calling to ask, appreciate any help. Thank you.
I don't know what PPR stands for but it is some kind of transaction fee. So if you are buying a $100,000 house, then you will owe your real estate agent $3500 in commission plus the $235, so your total buyer agent fees will be $3735 in that scenario.
looks like ppr= 'prudential preferred realtor'. I do understand the % part, have been through selling a home and buying before, but have never seen this 'obligated to pay PPR under a buyers service agreement the sum of $235'
rjrcm - this was what it ended up being. Thanks for all the input.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
