What Is A Broker Compensation Agreement? Buyer-Broker Compensation The agreement clarifies that you are not obligated to pay if another party, such as the seller, pays it instead. Most listings also state that the seller will pay the buyer’s broker. Which type of contract can have tax benefits for the seller? Also known as land
Who Pays Closing Cost On Land Sale? California’s basic transfer tax is $1.10 per $1,000 of value, reports CaliforniaCityFinance.com, and generally the seller pays the cost. If a $575,000 piece of land changes hands, the seller will pay the entire $632.50 tax at closing. Who pays closing costs in cash sale? Who pays closing costs?
What Is The Main Difference Between Lease Options And Lease Purchase Agreements? The difference between a lease option and lease purchase agreement is that the lease option only obligates the seller to sell. A lease purchase agreement commits both parties to the sale barring breach of contract or the buyer’s inability to secure a mortgage.