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Updated over 13 years ago, 04/09/2011
Concessions/Commissions
Received an offer on one of our properties and was wondering how concessions/ commissions worked. Do both concessions and commission come off the final price? Such has, you have an offer for 103K: 6% concessions and 5% commission. Are these numbers based solely on the 103K sales price, or do you subtract the commission off of the 103K (5180) then take off concession out of $97,820?
Sorry if it is a little confusing just trying to determine our bottom line based off this current offer. Thanks for all the help
~Greg