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Status Implemented
Workspace E-Closing Core
Categories Enhancements
Created by Guest
Created on Feb 13, 2020

Real Estate Broker Commission Expressed as Percentage

Real estate commissions are almost always expressed as a percentage (%) as they are directly tied to the purchase price. The commission section should therefore ask a total commission %, and then each broker's separate percentage. Real estate commission as currently populated in the Financial Information screen allows for error in manual calculation of the commission by title agent and also allows for error in the event that the purchase price changes (very common) and the title agent fails to update the amount.

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