Homeowner Neil Bradford signed a listing agreement under which Coldwell Banker would market and sell his Boston condo for $1.35 million.

The total commission Bradford agreed to pay under the agreement would be 5 percent of the purchase price.

Under the agreement, Coldwell Banker would pay half the commission to its own listing agent and the other half — 2.5 percent — to the buyer’s broker or agent, according to court records (see: Zang v. NRT New England Inc.).

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top