Compensation
– Payment from a principal to a brokerage firm in exchange for professional services rendered
• Seller to seller’s brokerage firm
• Buyer to buyer’s brokerage firm
• Seller to buyer’s brokerage firm
Concession
– A financial contribution from a seller to a buyer which is to be applied toward closing costs
• Subject to lender approval when financing is in place
• May include may not be limited to escrow, title, lender, appraisal fees, brokerage compensation, home warranty or repairs
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
