Hello Fellow AgentsThis is a legal question about the distinction between a broker fee and a broker commission.When I work with a seller a listing agreement is signed detailing the fee involved for my services.

Any amounts collected by the county treasurer under this division shall be immediately placed in the distinct fund established by section 743.06 of the Revised Code.

The distinction between the two may impact your title insurance, etc.

@Bob HinesYour post introduces some very distinct perspective to this discussion, especially with the clarity on the histroy of STL......The 2 STLs (City and county), do they have identical/similar markets?

., a multi-member LLC which chose to be taxed as a partnership).So I'm not seeing any cost savings for an LLP vs. an LLC at either the Department of State or Division of Taxation.For both an LLC taxed as a partnership, and an LLP, I believe profits or losses would flow through to the partners' individual returns.The main distinction that I see is that with the LLP you must distinguish between general partner(s) and limited partner(s).

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Those distinctions are only for analysis purposes to ensure you make money at the end of the day.

The only distinction I'll add here is that you do in fact have a tenancy though you don't have a lease in place. 

The source of the funds is meaningless and there is no distinction.

If they are only getting it the morning of the auction, then I'm not concerned, but if they are getting it a day or more ahead of time (and it appears that they are), then it puts me at a distinct disadvantage.