Realtors collecting fees for negotiating short sales.

I have previously seen legislation stating that a Realtor could not collect a fee for negotiating a short sale, nor could he collect extra commission for handling the short sale. 

Friday, I attended a seminar where a local Real Estate Attorney said that a Realtor can get paid and can earn extra commission.  Can anyone tell me where I can find this ruling?

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Permalink Reply by Donna McClelland on June 21, 2012 at 7:45am

In Arizona it is expected that the listing agent on a short sale gets 3.5%  and the buyer's agent gets 2.5%, to make up for the extra work we do or to help offset the cost of a third party negotiator.

Permalink Reply by Chad Ski on June 17, 2012 at 9:05am
  • in colorado, there are 5 to 6 realtors call it a short sale negotiation fee and put into mls

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