Yes, I closed one in June with them They are actually quite easy to work with and there wasn't a lot of borrower documentation required. They will want 1% for whatever it is they do, but you just need to make it clear that you and the selling agent are getting a full commission.
Fred:
I just got a message from Phoenix Asset Management that they have been assigned a short sale file from Green Tree also. Their "new" commission schedule is a sliding scale arrangement. They still want to take 1% of the total 6% for their fee, but will allow the listing office to keep 3%, pay the selling office 2%, and they retain 1%.
I'm curious about your comment about making it clear to them that both agents are making a full commission. Were you able to negotiate a full 3% for both agents and their 1% to come from Green Tree or another source, or was there another arrangement?
Thanks, look forward to hearing back from you or anyone else who has dealt with them.
I did get 3% for the listing and selling sides plus PAM's 1%. So the total commission paid was 7%. It didn't take a lot of effort to get them to agree.
Fred - thanks, I'll be talking with them again the first part of the week. I appreciate your response.
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