HSBC Commission Structure

Replies

Shawn Wilkinson May 20, 2013 at 9:00am

Their portfolio loans will only pay 5%. They do make the process easy. Have the seller pay you your other 1%.
- Sidney Kutchuk > Shawn Wilkinson May 20, 2013 at 3:41pm
  
  Stacy,
  
  I am also currently processing another short sale with them now and expect an approval anytime now also at a full 6%. When I get the approval if it is at 6% I will share it with you.
  - Sherry Chastain CDPE > Sidney Kutchuk May 28, 2013 at 7:48am
    
    Did you get the 6% approval on this last deal yet?
  - Stacey Lambright > Sidney Kutchuk May 28, 2013 at 6:20am
    
    Thank you so much Sid!! I just got off the phone with them again and they are adamant they have "never" done 6% on a Short Sale. Only REO's. He said I would have to send him the approval, so if you could send either of the 6%'s or both would be great!! Thank you!! The guy was a "real Peach" on the phone ;)
    
    Stacey
    
    614.315.4663
    
    stacey@thelambrightteam.com
    - Wendy Perez > Stacey Lambright May 28, 2013 at 6:45am
      
      WIth all due respect, the amount of time you spend fighting for your one percent could be better spent finding a listing that isn't a short sale.
      - Sherry Chastain CDPE > Wendy Perez May 28, 2013 at 7:45am
        
        So you don't do short sales?
        
        Wendy Perez > Sherry Chastain CDPE May 28, 2013 at 8:17am
        
        I do. More than I care to count. But I don't sweat the small stuff. One percent on a $150,000 property is $1,500. I give the other side half of that which means I net $750. The hours you spend on fighting for $750 is crazy. Better to list other properties. Only 20% of my business comes from short sales, which is still close to 20 a year, but with any luck, I'll be done with these soon. Good luck.
Sidney Kutchuk April 28, 2013 at 1:41pm

They will state 5 is all they will pay,but I have received 6%.

You have to fight for it.
- Sherry Chastain CDPE > Sidney Kutchuk April 28, 2013 at 2:22pm
  
  Great Sidney, can you give me any pointers. I have argued all the points I know. Give me a call if you can share. 615-504-1911.
  - Sidney Kutchuk > Sherry Chastain CDPE April 28, 2013 at 6:30pm
    
    Last year I had two short sales with HSBC going on at the same time. One approval came in at 6% the other at 5%. The negotiator with the 5% approval stated that HSBC never paid agents a 6% commission. I emailed her the other approval I had received also from HSBC at 6% and she changed her approval to 6% as well.
    
    I just listed another HSBC short sale last week and will be submitting it this week. I am going to ask for 7% and take 6%

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