Here is the source for the commission rate, right from the Sitzler NAR lawsuit judgement (bold text added):"In addition to training, Plaintiffs have presented expert testimony showing that Section 2-G-1 had the effect of stabilizing commission rates.

Quote from @Conte Cuttino: Makes sense @Andrew Freed so say if we I can make it additional legal space, do you think the 107K left in the property for the return is worth it or should I sale and move on? 

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

Many insurance companies do not allow adding a landlord as additional insured.  

When under contract at 300k with the expectation that codes would be the determining factor on what can be done on with the property, as it relates to new construction.

How do you finance the tear down do you add it to construction?

What you paid for it and invested in its upkeep are not factors for pricing/selling a property. 

Am I getting greedy to ask for an additional seller credit at closing to help offset some of repairs needed?

The rise in home equity over the years can be credited to two key factors:1.

While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.