I am one of the two brokers facilitating a business deal, and I am promised to be paid a broker commission verbally, over the phone. I prefer not to let the buyer know the exact amount of commission I will be paid, so my exact commision fee probably should not be written on the buyer's/seller's business contract.
What is the name of contract I should have with the seller to ensure I will get paid and the time I will get paid in full? Is there any limit on the percentage or the amount a broker can get? Any experienced attorney you know in this area? Thanks.
By the way, in the court of law or in the legal business, what is the difference between an "attorney" and a "lawyer"? Should I say "Attorney Smith" or "Lawyer Smith" or just "Mr. Smith"?
What is the name of contract I should have with the seller to ensure I will get paid and the time I will get paid in full? Is there any limit on the percentage or the amount a broker can get? Any experienced attorney you know in this area? Thanks.
By the way, in the court of law or in the legal business, what is the difference between an "attorney" and a "lawyer"? Should I say "Attorney Smith" or "Lawyer Smith" or just "Mr. Smith"?
