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by egl2021
849 days ago
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The "facts", huh? Like other transactions with fees to a third party, the form ("seller pays") is not the same as the transfer of value. The seller knows the commission will be paid and considers this in setting the price, but the buyer provides the money to meet the price. Absent the real estate commission, you would expect the price to end up somewhere between the seller's net and the buyer's gross. Other examples: taxes on cell phone bills, airline tickets, and W2 wages. |
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