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MLS Remarks by Realtors

Started this discussion. Last reply by Bryant Tutas Apr 29. 12 Replies

What is your take on this, I have noticed a particular agent in my area write the following in the MLS Remarks: "50/50 COMMISSION SPLIT WITH THOSE OFFICES THAT DO THE 50/50 SPLIT" is that really…Continue

Tags: ethical, mls, legal, split, office

Commission Dispute

Started this discussion. Last reply by Jeff Payne Feb 6. 52 Replies

Question: I submitted an offer on a short sale which took 2 months for approval and were schedule to close, however, a day before closing the listing agent decides to lower my commission because…Continue

Tags: dispute, Commission

 

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Thom Colby 888-391-5245 CA Brkr replied to Tavo's discussion MLS Remarks by Realtors
"Our MLS Rule for Southern CA is as follows: 7.18.2 Lender Approval Listings. Compensation offered through the MLS to cooperating brokers on listings which require lender approval (commonly referred to as “short sale” listings) is for the…"
Apr 28
Jeff Payne replied to Tavo's discussion MLS Remarks by Realtors
"I just saw something similar in our MLS.  It shows 2.5% commission being offered on a short sale but says "We split 50/50 with reciprocating agents"  Seems a bit vague and not as direct as saying "with offices that split…"
Apr 27
Jeff Payne replied to Tavo's discussion MLS Remarks by Realtors
"I would imagine my MLS rules would prevent it too. "
Apr 26
Tavo replied to Tavo's discussion MLS Remarks by Realtors
"Agree, I don't see anything wrong with the % someone is going to pay whether is 50-40-30% because agents are able to see what the commission will be before making the offer, but I find it misleading writing such remarks, I did make a call…"
Apr 26
Jeff Payne replied to Tavo's discussion MLS Remarks by Realtors
"I understand that but again, I would not have the first issue with seeing this in MLS and can not imagine why someone who pays 50% co op or pays 40% co op would have a problem with it.  There are a few in my area that pay 40% but on every deal…"
Apr 26
Tavo replied to Tavo's discussion MLS Remarks by Realtors
"Is not whether some has a problem with it or not, is this even legal?"
Apr 26
Tavo replied to Tavo's discussion MLS Remarks by Realtors
"I agree, it sounds that such wording would be border line of Anti Trust Violation. If all companies could write such remark and advertise 4% split and than turn around and only pay 2 or 3%, how would you even regulate or come to such…"
Apr 26
Jeff Payne replied to Tavo's discussion MLS Remarks by Realtors
"Very interesting, I actually like it!  Can't imagine why someone who splits 50/50 who have a problem with it.  Can't imagine how someone who pays out 40% would have a problem recieving 40% on a short sale."
Apr 26
Bryant Tutas replied to Tavo's discussion MLS Remarks by Realtors
"Tavo. An offer of compensation can usually vary based on the agency relationship of the buyer's agent to the buyer but I believe basing a split on how the other office splits their commission could be a Anti Trust Violation. You should run this…"
Apr 26
Tavo posted a discussion

MLS Remarks by Realtors

What is your take on this, I have noticed a particular agent in my area write the following in the MLS Remarks: "50/50 COMMISSION SPLIT WITH THOSE OFFICES THAT DO THE 50/50 SPLIT" is that really allowed?See More
Apr 25
Thom Colby 888-391-5245 CA Brkr liked Tavo's discussion Commission Dispute
Feb 6
Jeff Payne replied to Tavo's discussion Commission Dispute
"I will give you an applause here :)  I always err on the side of the buyers agent getting paid more if a commission reduction occurs"
Feb 6
Shelly Gorenstein replied to Tavo's discussion Commission Dispute
"If you stand inthe way of the closing, the buyer can sue you."
Feb 6
Tavo replied to Tavo's discussion Commission Dispute
"Thank you All for your suggestions they were very helpful and the transaction closed with our office getting as advertised in the MLS after an email was sent without anymore delays from listing side :-)"
Feb 6
Tonia Vickery replied to Tavo's discussion Commission Dispute
"Here in Arizona you can file a commission dispute at title at closing. So close on the file then file dispute. May have to go to arbitration but our MLS is very strict with rules that you pay what is posted in MLS UNLESS otherwise disclosed prior to…"
Feb 6
Pamela Lester replied to Tavo's discussion Commission Dispute
"She can't lower the commission now.  You are due what was represented in the MLS listing.  Send you commission demand into escrow for the full amount as advertised in the MLS listing.  Let the closing occur, you can work out the…"
Feb 6

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First Name
Tavo
Last Name
Pena
Are you a......
Agent
State
Arkansas
City
Springdale
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I, like many other Realtors, list short sale in every day basis.

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