Quote:
Originally Posted by margaretmattson
They are agreed upon in the contract, are included in a required good faith estimate, and itemized on the closing documents.
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I've never bought a pre-owned home from a VLS Salesperson, but I believe that to be incorrect.
I believe the "Commission" on a VLS sale, as it appears on the HUD closing statement, is a "one line item" that shows only the total commission, that is paid to the VLS "Broker of Record". I doubt it is itemized, to show any sort of division of commission between different sales people.
Someone who's actually bought from a VLS agent would probably know that for sure.