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 When does a seller pay the broker's commission ?

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TSplatingirl
post May 25 2009, 12:02 AM, updated 17y ago

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Hello everyone,

Need some advise here. sweat.gif

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 ... notworthy.gif

 

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