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Updated almost 5 years ago,

User Stats

7
Posts
6
Votes
Lewys Jones
  • Rental Property Investor
6
Votes |
7
Posts

Broker to be paid 5% compensation to other brokers 2.5%

Lewys Jones
  • Rental Property Investor
Posted

My contract states that the seller will compensate the broker 5% of the sales price.

A few sub paragraphs down it states that the brokers office policy is to compensate the cooperated broker in the amount of 2.5% of the purchase price.

Will my total real estate agents fees be 5% or 7.5%? They way it’s worded and the even split of 2.5% I’m assuming both brokers will get 2.5% each of the 5%.

Can someone put my mind at rest

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