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#2206680 - 02/21/19 02:44 PM Realtor Commissions and the CLosing Disclosure
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Joined: Feb 2016
Posts: 19
If A buyer's agent is giving a credit to the borrower for their agent commission of $7,700.  Would you put this on Line 6 of Section L of the Closing Disclosure?  Or does that go in Section H as a Paid by Others?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2206684 - 02/21/19 02:53 PM Re: Realtor Commissions and the CLosing Disclosure F
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Line 6

Paragraph 38(j)(2)(vi).

1. Credits from any party other than the seller or creditor. Section 1026.38(j)(2)(vi) requires disclosure of a description and the amount of items paid by or on behalf of the consumer and not disclosed elsewhere under § 1026.38(j)(2). For example, credits a consumer receives from a real estate agent or other third party, other than a seller or creditor, are disclosed pursuant to § 1026.38(j)(2)(vi). However, if the credit is attributable to a specific closing cost listed in the Closing Cost Details tables under § 1026.38(f) or (g), that amount should be reflected in the paid by others column on the Closing Cost Details tables and not in the disclosure required under § 1026.38(j)(2)(vi). Similarly, if a real estate agent rebates a portion of the agent’s commission to the consumer, the rebate should be listed as a credit along with a description of the rebate, which must include the name of the party giving the credit.
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