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scarabrad

Buyer's broker commission question.

scarabrad
13 years ago

Folks,

Great and helpful message board. Appreciate any input.

I've got a friend who's a licensed broker and is willing to act as my buyer's broker in purchasing a house (approx 700K)...she is entitled to a 3% commission and she is willing to give the entirety of the commission to me to apply to the house.

How do we structure such a transaction so it does not become a taxable event to her? Would she forgo her commission on the P&S and apply it to the price paid?

Any assistance with this would be greatly appreciated.

SR

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