2007-01-31 11:37:41 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Depends upon the situation. If they are a licensed agent. Then 25-30% of the sales price of the condo.
If they bought one and now their friend wants to buy one, I think you have to consider that you must pay tax on that income and then pay it out tax free. I'd give them a token. $400-500 If it's a million dollar condo, then you need to talk to your CPA about how to structure the fee so that you can deduct it from your income taxes.
best of luck
2007-01-31 11:43:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If the house is going for the same price and it is basically in the same location, then something must be up -- there would be a good chance that the house is in enough disrepair that its value has diminshed to equal that of a condo. In that case, unless you're an investor who is more interested in the land (perhaps in order to build two houses on the property) than the improvements already made to it (e.g., the building itself), you'd be better off going with the condo.
2016-05-24 00:11:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you are a licensed real estate agent in that state, you could get a commission or a referral fee. I think attorneys can also. Otherwise, you can receive a gift not to exceed $50.
2007-01-31 11:45:12 · answer #3 · answered by teran_realtor 7 · 0⤊ 0⤋
If the locator is a realtor, 2.5 to 3%. If its another owner, negotiate for 2 and settle for 1.5
2007-01-31 11:43:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
teran is right, I am pretty sure.
2007-01-31 12:38:05 · answer #5 · answered by Lovejunk 3 · 0⤊ 0⤋