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Updated about 7 years ago, 11/29/2017

User Stats

14
Posts
10
Votes
Jeremy Climie
  • Investor
  • Hobart, Tasmania
10
Votes |
14
Posts

Charged both facilitation fee and commission for sale in Georgia

Jeremy Climie
  • Investor
  • Hobart, Tasmania
Posted

Hi BP,

This question might reveal what a newb I am.... but anyway. 

I'm selling a place in Atlanta GA for $122k. The settlement statement includes:

- facilitation fee - $3,750

- commission to 1st agent - $1,250

- commission to 2nd agent - $3,675

Am I meant to be charged both facilitation fee and commissions? I thought the facilitation fee only applies if there is one agent 'facilitating' the whole transaction (ie, not representing the buyer or the seller). 

Apologies if this is a stupid question and you all got keyword alerts for it. I wasn't able to find an answer elsewhere on the forums or online.

Thanks in advance.

Jeremy. 

User Stats

22,059
Posts
14,124
Votes
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,124
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Those fees add up to just over 7% of the sales price.  That's high for commissions.  But this comes down to what was in your listing agreement.  It could well allow for all these fees.  You can push back on anything on the settlement statement.  Ask your agent what's going on and why you're being charged these fees.

User Stats

14
Posts
10
Votes
Jeremy Climie
  • Investor
  • Hobart, Tasmania
10
Votes |
14
Posts
Jeremy Climie
  • Investor
  • Hobart, Tasmania
Replied

Thanks very much Jon

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