I thought this was not allowed any more but yet again BofA is trying to reduce my commission from 6% to 4% because I double ended at deal. The previous buyer walked, which was not my buyer, and BofA approved a net and so I got another buyer to agree to write the offer for the EXACT same net. Except I was representing the buyer. So just as we are supposed to get an approval my negotiator says they Quality Control rejected the approval because of dual agency. No exceptions. UGH!
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One thing you have to remember is that BofA is just the servicer. A lot is dependent on the investor. Many investors have their own rules and regulations and it doesn't matter about HAFA. I have the exact same problem and there appears to be no solution to the commissionectomy they perform consistently.
Jennifer, thanks for posting this, as I also have a deal with BoA where my buyer is purchasing my listing. I asked my negotiator, and she said it will be reduced to 4 pct unless it's approved for HAFA. Then it will be 6 pct.
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