Agent in TX- what is the best way to use my commission when buying my own home? How can I use it for negotiating? Put it towards closing or get my commission check?
@Akemi Watkins try to have them use it as a closing cost credit. That way you don't have to pay taxes on it, since it is not a commission.
First point which is very important....it is not your commission, it is your brokerages. So you can only do with it as your company or brokere allows.
Ask your broker how to “give” the part of the commission that would go to you to the buyer. Florida specifically allows this and you avoid the income taxes. Your broker will know how to structure this in your state.
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