Home Buying in Kensington>Question Details

goedeg, Home Seller in Philadelphia, PA

Regarding sellers assist and commission, is commission calculated on the higher purchase price or on the net amount after the seller assist credited?

Asked by goedeg, Philadelphia, PA Thu Aug 15, 2013

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Sheri Curci’s answer
You should pay on the full sales price of the home. That being said, when I represent the seller, I will tell agents up front that the seller is paying commission on the net minus the seller assist. The other agent is always very cooperative. On the flip side, it has been asked of me several times over the years, and it is never a problem.
0 votes Thank Flag Link Sun Aug 18, 2013
Hi,

Technically, according to the standard listing agreement, commission is charged as a % of the sales price. However, it is common practice among most Realtors in Philadelphia, to not charge that % commission on the Seller's Assist Amount, since that amount of Seller's Assistance is not actually proceeds due to the Seller.

Hope that helps.

Please feel free to call me directly with any other real estate related questions.Have a great day. Looking forward to speaking with you soon.

All the best,
Larry Lichtman, CNE
Realtor, Property Manager
Your Real Estate Resource For Life
CELL/Text: (267) 254-7994

Liberty Real Estate Associates
924 Arch Street
Philadelphia, PA 19107
Office: (215) 625-4725
0 votes Thank Flag Link Thu Aug 15, 2013
Generally commission is based on the sale price of the home. However, this industry is completely negotiable and it is possible for a seller to arrange to pay commission on the net sale price. This would need to be agreed to in writing prior to an offer be accepted.

Chris Nelson
RE/MAX SERVICES
National REO Broker Association (NRBA) Member
REOMAC Member
REOBroker.com Member
Certified Distressed Property Expert (CDPE)
Platinum Equator & RES.NET Certified
794 Penllyn Pike, Ste. 120
Blue Bell, Pa 19422
215.641.2500 Main
215.641.2542 Fax
484.576.7430 Cell*
0 votes Thank Flag Link Thu Aug 15, 2013
Good morning;
Usually the commission is calculated on the full sale price but sometimes commission is paid on the net after assist is deducted.
Don Sherman
Century21 Advantage Gold
,Cellphone-267-716-8228
Email-realtor94@gmail.com
0 votes Thank Flag Link Thu Aug 15, 2013
Off of the purchase price.
0 votes Thank Flag Link Thu Aug 15, 2013
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