Maryland  |  Real Estate Law

Legal Question

Asked on: 8/23/08, 10:39 pm

Commercial Real Estate Offer

I just received an offer to buy my commercial property in MD through a broker. The offer provides that seller pay a 7% commission and also recognizes the broker as the ''broker/agent responsible for the transaction''. Is the broker representing the buyer, me, or both? Also, is 7% a reasonable amount is such cases, and should I be paying it?

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