Who pays the Broker commission?
The Broker commission can be paid by Buyer, Seller, or split between Buyer and Seller. The Broker will stipulate who is paying the commission; if the commission is split, the Broker would enter the amount each Party is responsible for. If the transaction is confidential, the commission amount is deducted from the Sellers proceeds. In the event of a cancellation after funds are received, or rejection of merchandise, the Broker will not receive the commission unless otherwise stipulated in the escrow agreement.