Updated about 9 years ago on . Most recent reply
Realtor commissionon Seller Financing deal?
Wanted to ask how realtor commission works on seller financing deal? For example, the sale price is $850k but by the time we pay 5% interest rate to seller over 30 years the final amount to seller is over $1.5 million. I assume realtor only gets commission on original $850k but can someone confirm? Thanks.
-Charlie
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
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Yes, of course it's on the sales price.