Replies to This Discussion

Permalink Reply by Lillie Handy Dominguez on September 14, 2011 at 11:54am

Hi Benjamin, I'd counter them and state that although it's the same agency, it's 2 separate agents.  Let them know that Commissions are not to be reduced per a policy past a couple of years ago.  I've always countered if it's brought up and we had several short sales with both Agents in the same Agency.  Also state that more Agents will keep doing short sale if we are rewarded for our hard work.  Very few agents do them successfully or do them at all and it's in their best interest to have us Superstars.   Good Luck.   Lillie

Permalink Reply by Dean E Eshelman, CPA, CDPE, IRES on September 14, 2011 at 1:32pm

I am dealing with GMAC on a SS now. Are you talking about the receipt of the Short Sale Authorization from GMAC?

https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhahand...

7.4 Short Sale Agreement

The amount of the real estate commission that may be paid, not to exceed six percent of the contract sales price, and when applicable, notification that the servicer retained a contractor or vendor to assist the listing broker with the transaction and a statement that any associated vendor fees will not be charged to the borrower or deducted from the real estate commission along with the payment amount (expressed as a fixed dollar amount or percentage of the contract sales price) if paid from sale proceeds.

 

See what experience others have had.