It is the offer of cooperation to the Broker for bringing about a meeting of the minds between buyer and seller.
The amount is usually paid by the seller at closing however can be paid by by the buyer in certain circumstances.
Please let me know if I can help you in finding a new home.
Licensed Associate Real Estate Broker
Accredited Buyer's Representative
Realty USA/The Scott Varley Group
518 - 899 - 7811