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“Rather than saying that a fee for the buyers’ agent of 2% or 3% is customary or recommended, agents will say that a buyers’ agent fee, if one is offered at all, is entirely up to the seller ...
“There is no other country as expensive as the United States,” Wedge said about agents’ fees. “[In] the rest of the world, the commission to sell a property is 2% to 3%.
“Rather than saying that a fee for the buyers’ agent of 2% or 3% is customary or recommended, agents will say that a buyers’ agent fee, if one is offered at all, is entirely up to the seller.”
In very liquid markets (like London or Paris) the buying agent fee is charged on top of the selling agent fee, so the buying agent service comes at an additional cost to the property buyer unless the buying agent is able to find a property that is not sold by an agent. In that case depending on the market buying agents charge an amount up to ...
2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
Fees may be assessed as an annual enrolment fee or a transaction fee such as a levy of 1% or 2% on the value of every purchase. [3] Purchasing cooperatives typically generate revenue to sustain their operations and cover administrative costs by charging fees to vendors or suppliers.
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