Quote:
Originally Posted by Realtor 1
^^ The tax remark was just pointed out as a lot of people run the math in their head and then assume full amount is take home. While its obvious it isnt, I still point it out!
I like the performance driven commissions structure you pointed out and it was actually brought up in the course years ago. I believe the main reason it is not allowed is because there would be some conflicts of interest. Say I have got you 519 and know I could get you more but you dont want to risk losing the deal.
Also, it would now be cheaper for you to accept 519 than 520....etc which would complicate things.
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You mean a conflict of interest between the seller and the seller's realtor? Because in this scenario, it would be anything
above $520k that would get the premium (i.e. if the buyer can get $530k for it, seller pockets an extra $5k, and the seller's realtor pockets an extra $5k (less the 1.5% to the purchasers realtor). Seems like a win-win, unless there is something about secret commissions or something that is prohibited...