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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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.
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