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Selling our First Home : RealEstate

Selling our First Home : RealEstate


Hi y’all, the wife and I are selling our first home and we received a document from our agent that works for Coldwell Banker. The question is in regards to commission fees, in the contract it states that the broker will hold a 5% commission of the sales price and or the Agent will hold a 2.5% commission fee, so does this mean we will pay 7.5% in commissions to Coldwell and the Agent? Or does the broker (Coldwell) will pay their agent 2.5% commissions out of the 5% they keep? I’ve included a picture of the contact.

commissions contract

Thank you



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