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Similarly, the seller agreement would state the services provided by the listing broker, their compensation and whether the listing broker is authorized to offer compensation to buyer brokers or advertise seller concessions to buyers. A buyer submits an offer of $400,000 for the home and $12,000 in compensation for their broker.
For a property that is listed with a realestate broker, the prospective purchaser should retain an experienced buyer's realestate broker to facilitate negotiations with the seller's broker. While it might seem counter-intuitive, appraising vacant land is more daunting than doing so for improved land.
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