Las Vegas Commercial Real Estate

John Vanhara

... cash back at closing can be legal if a broker is giving back a portion of his or her commission, but this would be rare occurrence. “If agents want to rebate part of their commission back to the purchaser, I would call this ‘commission back at closing,’” Roberts says. “While this is not illegal, it should be done only with the broker’s knowledge and approval, and it should not be cash, as it could be considered income and have tax ramifications. I would check with an accountant.

This entry was posted on Monday, March 12th, 2007 at 12:35 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.