Legal Question in Real Estate Law in Virginia
I am selling a property in Florida. A contract has been presented to me that calls for a 3% commission for the listing agent and a 3% commission to a real estate agent/broker who happens to be the purchaser? Is this proper?
Asked on 5/17/12, 8:02 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Why wouldn't it be (proper)? However, if you feel otherwise,
simply reject it. (Commissions of 6% on such sales are still quite
common, however they may be split.)
Answered on 5/17/12, 8:20 pm