"Commissions shall only be paid on the Net Sale Price defined as sale price less the seller assist awarded to the buyer."
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
National REO Broker Association (NRBA) Member
Certified Distressed Property Expert (CDPE)
Platinum Equator & RES.NET Certified
794 Penllyn Pike, Ste. 120
Blue Bell, Pa 19422
Usually the commission is calculated on the full sale price but sometimes commission is paid on the net after assist is deducted.
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