Section E is if the property sells for MORE than the appraised price. You are using the wrong formula to calculate the penalty. Section F refers to the penalty. The form rewards agents who get a higher final sale price than they originally quoted but penalised if they get less. I ran the numbers...
Check out this attached file.
It is a new commission structure form I used that actually worked quite well. Get your solicitor to go over it but it virtually punishes the agent for over quoting and rewards them for getting the best price for your property.
