Agent commission
This is a discussion on Agent commission within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; We're shopping real estate agents and one firm has provided a contract that reads (verbatim): "AGENT'S COMPENSATION. Seller agrees to ...
![]() |
|
|
Thread Tools | Search this Thread | Rate Thread | Display Modes |
|
|
#1 |
|
Guest
Posts: n/a
|
Agent commission
We're shopping real estate agents and one firm has provided a contract that reads (verbatim): "AGENT'S COMPENSATION. Seller agrees to pay Agent a total fee of 3% of the gross sales price of the Property, or 4% if dual, which shall include the amount of any compensation paid by Agent to a cooperating agent as set forth in paragraph 9 below."
Paragraph 9 reads (verbatim): "COOPERATION WITH/COMPENSATION TO OTHER AGENTS. Agent has advised Seller of Agent's company policies regarding cooperation and the amount(s) of any compensation that will be offered to subagents, buyer agents or both. Seller authorizes Agent to (1) Cooperate with subsgents representing on the Seller and offer them the following compensation: 2% of the gross sales price. (2) Cooperate with buyer agents representing only the buyer and offer them the following compensation: 3% of the gross sales price." Has the agent totally goofed in typing the contract and handed over her 3% to the cooperating agent (if acting as a selling agent only)? Does the contract really inform that the Seller will pay a total of 3% which shall include the amount of compensation paid by Agent to cooperating agent... or am I misreading? PLEASE HELP!! |
|
|
|
#2 |
|
Guest
Posts: n/a
|
Not a lawyer but why don't you just ask her how she thinks it works. You cannot take advantage of an error anyway.
|
|
![]() |
| Bookmark & Share |
| Tags |
| None |
This thread has 1 reply and has been viewed 507 times
| Thread Tools | Search this Thread |
| Display Modes | Rate This Thread |
|
|
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Human Rights Commission | reemvb | Human Rights | 0 | Dec 14th, 2008 07:45 AM |
| Do they owe me my commission check?? | zdavid | Salary & Workers Compensation | 1 | Jul 15th, 2007 11:45 AM |
| Agent commission | Unregistered | Buying & Selling Property | 0 | Jul 11th, 2007 04:52 PM |
| Question about commission payments | Unregistered | Other Labor Law Matters | 3 | Apr 13th, 2007 01:17 PM |
| different commission plan for 1 person | Unregistered | Salary & Workers Compensation | 1 | Jan 27th, 2007 11:01 PM |
All times are GMT -5. The time now is 06:38 AM.



Agent commission






Linear Mode


