Updated over 5 years ago on . Most recent reply
Broker to be paid 5% compensation to other brokers 2.5%
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