so his total commission =$10000
and the secretary gets paid=$350
and he gets %70 and his broker %30

So his broker goes the math in splitting it up. But my cuzin feels that he is getting ripped off. becuase his broker uses one way to break the money up. but my cuzin found another to break the money up. and he gets more. and he asked why not this way? and his broker said, im the one with the degree here. so dont ask me that. so he is trying to find out, if from the 350 do you break it from $1000. and then %70 and %30. or first break the 10000, %70, %30. and then spilt 350, so each one at the end gives 175( 350 for secretary)

Heres the math

THE OPTION THE BROKER USES:
10000-350=9650
9650×0.7=6755 (cuzo)
9650×0.3=2895

THE OPTION MY CUZO FOUND:
10000×0.7=7000
10000×0.3=3000
and then subtract 175 from each person becuase they both split the money in half to pay their secretary.
ending in…
6825=cuzo
2825=broker

so in using the order of operations..i believe the option my cuzo found is correct. but his broker uses his option, and he get more money that way. so which one is the correct form?

do you break 350 from the pot? (10,000) or 350 after the split of 10,000?

There is no "right way" or "wrong way" to do this calculation unless they have a prior agreement of how it will be done… preferably in writing.

The difference between the two methods you describe could be explained as "Should the secretary be paid equally by each partner, or should it be treated as an expense of the sale"?

Without a prior agreement, I think that the secretary’s fixed payment should be treated as an expense and subtracted from the amount received, then the balance would be divided as agreed by the partners.

As an extreme example of why the secretary’s compensation should be treated as an expense, lets say that the proceeds from the sale were only $500. Then the division of funds would be:

Broker Method (secretary is paid as an expense):

Secretary $350
Broker 30% of $150 = $ 45
Cousin 70% of $150 = $ 105

Cousin’s Method (secretary is paid equally by each partner):

Secretary $350
Broker $500*30% – $175 = -$25
Cousin $500*70% – $175 = $175

Using your cousin’s method the broker would have to pay $25 to conclude this sale.

On more practical terms, the difference between the two calculations you describe is only $70, or slightly more than one percent of the total amount your cousin is receiving from the sale. Is it really worthwhile for your cousin to make a big fuss over that (relatively) small amount of money? I think it is likely that the method the broker is using for the calculation is customary, but if your cousin is unhappy with the arrangement there is no reason why he can’t negotiate (in advance, in writing) with the broker what the terms of the *next* sale should be.

http://seattletimes.nwsource.com/html/realestate/2011493819_realshortage04.html

http://www.france24.com/en/20091008-experts-say-health-reform-would-reduce-usa-budget-deficit-congress-obama
The Jobs will follow as the Economy regains strength, After the Damage done By Bush,The fact that the economy is already showing signs of recovery, WITH "NO cooperation from the Republicans" Some experts say it will take 100 years to completely reverse the harm Bush and the Republicans have done

My favorite line has to be "taxes weren’t lowered, they just weren’t raised (yet)". Which goes completely against what the Tea Baggers have been saying, that Obama started raising taxes before he was even in office, and that the government has been rooting through their wallets for over a year now.

Unfortunately over 50% of people that really need to sell their timeshare falls for this resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much, and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).

Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.

There are some free classified ads where you can start posting:

http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/

An appraiser may substitute his own opinion in the place of reliable date A: if he has long experience. B: never. C: if requested by a supervisor. D: if it will increase the price of a property.

An appraiser needs A: realestate lisence. B: appraisal license. C: brokers license. D: affiliate brokers license

In the sales comparison approach the probable sales price of a building may be estimated by: A:considering sales of similar properties. B" determining accrued costs. C:determining construction costs. D: considering depreciatin

Which approach would be given the most weight in valuation of a "strip shopping center"? A:cost approch. B:income approach. C: cma D: none

Shouldn’t you do your own homeowrk?

My question is, do we as clients have any protection whatsoever from an agent that has really failed miserably? Based on the contract, even if we cancel the contract we still have to pay her if we buy a house within 90 days of termination. How are clients protected from horrible agents or just bad agent mistakes and judgments? Her mistakes have contributed to the possible loss of the house and serious delays in closing. There have been may more fumbles along the way.
The main fumbles have to do with communication and education.

I will also say I am sure I made fumbles as well, but I rely on the "professional" to tell me what I am doing wrong or where I may slow things down.

- We were offered some repair money. My real estate agent stated we could find a way to get the repair money out of contract so I could take the money and do the repairs myself. Therefore doing more for less. When it was realized this couldn’t be done she quickly said "Well, the buyer brought it up so I was just checking." She planted that seed and now I find out that can be related to mortgage fraud.

- The closing date was relying on contractor invoices, but due to her trying to find a better way, we didn’t get those done (my fumble, as I was relying on her information). We found out 2 days before closing that it couldn’t be done and this was after she said the seller agreed to it. So we had to scramble.

The others basically include VERY poor communication.
And you make a very good point about closing. I was under the impression a real estate agent was there to hold your hand during the entire process, including making sure closing and everything needed happened on time.

I can find a house on my own, I need someone that can help me through the rest of the process. If that isn’t what agents are for, then there is a much larger problem with the industry.
BTW, let me say. You guys have been great helping out! Thank you very much.

I cannot think of anything the buyer’s Realtor might do, or not do, that would delay the closing. Please give some more information.

If it is found that the agent has caused you financial loss through a mistake on their part, they do carry error and omission insurance to cover the mistake. However, I still am not clear on what they could have done that leas to the situation you are describing.