Jacksonville, FL · Member since 2014 · 75 posts · 9 votes
Ive been getting sidetracked and got stuck with analysis paralysis which has kept me from getting out there and getting a deal done, but I am finally ready to get started this week and this is my final question. For example, if i get a property under contract for 30k, and a find a buyer to assign to for, lets say 50k, and i ask them to leave a deposit for $2500, on closing day does that deposit amount go towards my fee, or does it go to the seller?
It will get credited to the buyer to purchase the property. In the scenario above, at closing he will bring 47,500 + his closing costs. The seller would get 30k - his closing costs, you would get 20k.
I'd be shocked if this was your final question, there will be many more...