Replies to This Discussion

Permalink Reply by Steve Early on February 24, 2011 at 12:45am

Good morning Kari -

It may not be "Chase" it could be the investor that the negotiator is working for but yes, it happens all the time. If you have both sides, they will only pay you for one. It really isn't fair because it is not the same amount of work for the Realtor.We haven't found a way to do anything about it but if there is a way around it I'm sure someone will let you know about it in this forum.

 

Steve

Permalink Reply by Kari A. Battaglia on February 24, 2011 at 4:17am

Steve,

 

I thought that might be the case.  It isn't fair that the banks are so willing to take from Realtors.  I know now not to bring my buyers to any short sales listings I have where Chase or EMC are the lenders.  Thanks.

 

Kari

Permalink Reply by Michael J Wollen on February 24, 2011 at 6:10am

There isn't any reason you can't give one side to one of your team members and receive a referral fee for that side.  It's a gift to the other agent and I'm sure they would be appreciative in a generous way.

Permalink Reply by Steve Early on February 24, 2011 at 6:21am

True if you do it ahead of time, but I think in this case the negotiator already has the offer paperwork showing Kari as both the listing and buyer agent so she may be stuck.

Michael J Wollen said:

There isn't any reason you can't give one side to one of your team members and receive a referral fee for that side.  It's a gift to the other agent and I'm sure they would be appreciative in a generous way.

Permalink Reply by Kari A. Battaglia on February 24, 2011 at 6:26am

Well I was able to refer it to another agent and it was accepted. Off to investor today!  Thanks for the help.