Small Business Boomers

Buying Condos in Flordia

by jim on January 30th, 2008

Something to be aware of.   Condo developers in Flordia, an I’m sure other places, pay real estate agents commissions in advance on the sale of condminium units.  This is not a bad practice or in any way underhanded.  If you were ever a sales person working on an advance, it’s the same concept.  Commissions on what you sell go aganist the amount they have already paid you.  If you are in the market for a condo in Flordia, or any place else, you need to understand if the real estate agent you are dealing with has taken advance commissions from any seller/developer.  Obviously, a person who has taken an advance is under pressure to work off that advance by sell the property of the person who has paid the advance.  That is okay.  As someone in the market to buy property you need to understand that such a person will work to limit the properities from which you select.

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