a real broker sold a house 72,000 broker commission paid 6per cent the selling price how much you get after?

Answer 1

You should ask the broker to create what is called a "Seller's Net Statement" to show how much you will net after commission and expenses. You might owe some property taxes, transfer taxes, seller's mortgage fees, fees for a survey of the property lines, etc. It is different wherever you go, so the broker will be able to give you a written breakdown.

Answer 2

Well, 6 percent of 72000 is 4320, so that's their commission, leaving 67680.

Out of that, come various other fees and costs for you, the seller. This could include back taxes, any liens on the property (claims because of debts owed), and a remaining mortgage balance, if any. It would also usually include costs for repairs that the buyer required. For example, the buyer may have required that the home be certified free of termites, and you would typically pay for fumigation, if necessary.

Ultimately, all these things should be listed in the escrow, but you should have gotten hints as to the approximate costs at the time you signed your contract (or when you finally do sign).

Answer 3

Selling Price = $72,000
6% Broker commission = $4,320
Amount to pay prior mortgage and seller's closing costs = $
67,680

Answer 4

67,680