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Real Estate Agent – This is the person you have usually signed an agreement with to trade your existing home. When you engage a Real Estate Agent because your selling agent they will have advertising and marketing expenses, travel expenses, office expenses. That is where did they earn their commission that you outlay cash. Real Estate Broker – Usually a representative works with a licensed broker and the ones contracts your agent had you sign to acquire or sell a house are often with the Real Estate Broker’s company. They have building overhead, office expenses, and salaries. The commission you pay your agent is split with all the broker. Prorated Property Taxes – The seller accounts for their property taxes up to the closing date
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