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December 21, 2022

How much is the brokerage commission in connection with this sale, and who is responsible for paying it

How much is the brokerage commission in connection with this sale, and who is responsible for paying it? What is the seller’s remedy for the purchaser’s default? Is the earnest money to be held in an interest-bearing or a non-interest-bearing account? If the holder of the existing mortgage loan charges an assumption fee, who will pay the assumption fee? If the purchaser desires title insurance, who will pay for it?

b. Where is the closing to take place? Is Saturday considered a business day under the agreement? What type of deed will be delivered to the purchaser at the time of the sale, and when will possession of the property be delivered to the purchaser pursuant to the agreement?

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