Texas Bankruptcy Laws

A year's worth of sweat yields opportunity   The dream of not just owning, but building, a home is getting closer for eight to 10 Douglas County families. via The News-Review read more...


UK bank rescued by takeover  Sep 18 - Britain's Lloyds TSB has sealed a rescue takeover of Halifax Bank of Scotland creating a dominant mortgage and savings bank in a $22 billion deal.read more...


How to prevent home seller's remorse  Backing out of deal brings legal consequences Have you ever sold a house or condominium you later regretted selling? I have.read more...


Supervisors to reorganize Planning and Building Division  San Mateo County supervisors Tuesday approved an overhaul plan to improve the county's Planning and Building Division by reducing the workload of planners and hiring more staff.via


WallSt. oddity brings concern (Reg Req'd)  A look at how yields on Treasury debt of varying maturity have reacted since the Federal Reserve started raising a key lending rate in June 2004.read more...


Buy-to-let boost for B&B profits  The bank says mortgage lending has rebounded A sharp recovery in buy-to-let mortgage lending will push full-year profits at Bradford & Bingley well ahead of market forecasts, the bank has

January 11th, 2008

Between Concessions and Commissions, a Murky Kind of Math

Q: We engaged a real estate broker to sell our house. The listing agreement obligated us to pay a 5 percent commission based on the sales price. The broker found a buyer, but to get him to sign the contract, we agreed to give a 3 percent “seller concession.”

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