Expenses of Sale
Expenses of Sale
When paid by the seller, these expenses reduce the sale price of property. Examples are commissions to a broker or real estate agent, title search, title insurance, legal fees, and transfer taxes.
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A small amount of excess sales proceeds has been retained by the trustee to cover expenses of sale, and any remaining amount will be paid to unsecured creditors of Consep, although the amount of any such payments will not be material.
It is important that the Form 433-A or 433-B and accompanying materials adequately and fairly present the net amount that may be realized from a sale of a client's assets with proper allowance for expenses of sale, taxes and other costs.
6 percent in 1993, and a decline in net operating expenses of sales to 18.
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