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Updated about 5 years ago,
Broker Fee Concession
I am closing on a residential property at the end of next month. I am a licensed broker in the state where I am making the purchase. Currently the transaction has hit a bit of a snag. I am running into an issue with the seller's attorney who is unfamiliar with concept of broker fee rebates towards either purchase price or towards buyer closing costs (note: will be within Fannie/Freddie percentage requirements). I explained the benefit of having the fee due as buyer's broker flow to the transaction as opposed to me personally, however the concept is something the attorney is unfamiliar with and now wants to advise her client against the concession.
Looking for assistance on specific language or advice on how explaining the in more detail to the seller's attorney.
Thanks in advance!