What will be the amount of commission paid to the cooperating broker?

 

For this question, prorate using the actual number of days in the month and year. Split the escrow fee 50-50. The seller will pay the revenue stamps, and the buyer will pay title insurance and the recording fee. The buyer assumes the existing mortgage balance of $127,042.42, the buyer will pay in cash at closing the difference between the purchase price and the loan balance, and the present monthly payment on the loan is $1,001.40. Closing is October 15. Use these relevant facts: I I Purchase price: Earnest money: Commission rate: Real estate taxes: Escrow fee: Title insurance: Insurance policy: Revenue stamps: Recording fee: Interest rate: $350,000 $3,500 6% split 50-50 $2,900 (paid in full for the current year Jan. 1 through Dec. 31) $800 $1,150 $758 (annual premium) $126.30 $30 3.75% (paid in arrears, with the next payment due Nov. 1)