Hello everyone,

Need some advise here.

If i engaged a broker to sell a property and the broker suppose to get a % as commission, when do i pay the broker's page?


Is it true that we are suppose to pay the commission once we receive the 10% deposit and after signing the S&P agreement?

Since the buyer already sign the S&P, is there a chance the buyer will back out from the deal ?

Appreciate your advise on this matter. Thank you ...

yes, buyer can backout in case he can't find a loan, etc

most of time, you'll keep tat 10% deposit but u'll need to pay %commission + %lawyer fee

best is to find+ask your own lawyer (broker's/buyer's lawyer not recommended)

commision paid from 10% ... doesn't matter if transaction is fully carried out or not ... if buyer backs out and u don't have an iron clad on your 10%, u still have to pay for the 2%