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Updated about 1 year ago on . Most recent reply

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Dimitri Antonopoulos
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Dimitri Antonopoulos's profile image
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Dimitri Antonopoulos
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Dimitri Antonopoulos
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Buying & Selling Real Estate

Commission Rollover into down payment

Dimitri Antonopoulos
Posted

Agents are allowed to represent themselves  when buying a property, and use their commission as a downpayment. How does that work when an agent is represented by a brokerage, aren't they suppose to split the commission between the two? So how does an agent using his 2.5% or 3% commission as a downpayment come out to be?

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