Quote:
Originally Posted by mvivanco
I believe the Realty company would keep half UP TO their fees. So assuming 3% they would get $43,500 not half. That is a typical contract.
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NO, it is not the standard contract. BOTH The Properties of The Villages and the Realtors Association of Lake and Sumter Counties standard contract allow the listing firm to take 50% of the earnest money for a offer where the purchased backs out, for their own enrichment.
Leave it to a contracting guy to actually read the contract.