Standard practise; REN engaged with seller. It was seller who need to pay REN the agent fee. Usually booking fee is 3% from purchase price. That 3% will be hold by REN. Upon signing S&P, you pay the remaining 7%. Seller will get the 7%, and REN will get the 3% as the commission. So, it is obvious agent fee is paid by seller.
When should I pay agent fee?
May 30 2016, 10:54 AM
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