broker's % - Posted by Kathryn

Posted by Kathryn on January 10, 2001 at 12:05:21:

I apologize… I should not have posted this question on this “lending” forum. I’ll go to the appropriate place. :slight_smile:

broker’s % - Posted by Kathryn

Posted by Kathryn on January 10, 2001 at 11:41:59:

I am selling 3 properties and purchasing one. I have offered 5% (understood 2.5% to each…buyer and seller broker). On one of the properties I found the buyer myself. The broker is now taking the full 5%. I think since I got the buyer that the 2.5% should be redirected in my favor. Am I right??? My broker, with the 2.5% only, will be making 15,000 off me for the month. He may even get more as the people I sent him are funding through his lending affiliate.
I have to make the call to him before I’ll probably get your answer, but I still wanted to know what is right.

Thank you! And, may I say, what a great service this is!

Kathryn Hart