Rome/Floyd Land Bank Authority Minutes March 2026
LBA Ratifies Home Sale Including Realtor Commissions
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Description
The Rome/Floyd Land Bank Authority ratified a $210,000 sales contract for 115 E Boundary Street that includes $8,400 in commissions to the buyer’s and seller’s realtors, with closing projected for March 31, 2026. The commission represents 2% to each side’s realtor as part of the approved transaction terms.
Contract Details
Contract Amount
$8,400 in commissions (2% to the buyer’s realtor and 2% to the seller’s realtor) on a $210,000 sale
Vendor
REALTORS
Agency
Floyd-Rome Urban Transportation Study, GA
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 3, 2026
Contract Term
One-time commission upon closing, projected March 31, 2026
Renewal Date
2026-03-31
Renewal Info
One-time commission tied to the single property closing; no renewals or extensions contemplated.
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