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Updated almost 7 years ago on . Most recent reply

User Stats

65
Posts
15
Votes
Shane Welch
  • Norfolk, VA
15
Votes |
65
Posts

Self Representing Buyer, what about the commission?

Shane Welch
  • Norfolk, VA
Posted

When we signed the contract for our duplex, the plan was for my wife to get her license before we closed, so the buying agent was marked blank and note was added in the contract about her getting her license.

We no longer believe that she will get it in time for closing, what are our options?

There is $6,000 in closing costs and half of which was to go to the buying agency.  Am I able to get the sale price lowered in that amount? Where does the commission that would have been made go?

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