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lbrodeur1965 · Joined: 21 Dec 2008 Posts: 7 3.81 Dollars($)

In short sales, can the banks alter the amount of commission a realtor gets for the sale?

jameshogg · Posted: Mon Dec 29, 2008 9:34 pm Post subject:

Hi lbrodeur,

As far as I know, the banks can negotiate with the realtor with his fees but it cannot directly alter the amount of commission.

Thanks

gmakerley · Posted: Tue Dec 30, 2008 8:11 am Post subject:

interesting question. if a listing realtor discloses that a selling realtor would be paid "X" per cent commission on a sale of a home, that listing agent (or broker) is liable for that payment, regardless of the outcome of a short sale. this, at least, is the rule here in connecticut (based on legal opinions i have heard).

i've never heard of banks negotiating commissions with realtors.

unfortunately, with short sales, there isn't a whole lot of money to be made by anyone; though realtors will still be able to walk away with a check.

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Realtor Commission Fees