HSBC Comission

HSBC Commission

I just received my Short Sale approval from HSBC 

 In the beginning of the process they said ..

Commission as follows  6% if there are 2 agents from different offices

5% if there are 2 agents in my office

4% if I represent both sides 

The deal is with another agent in my office and the approval letter that just came has  4%   They said that the original person that I was dealing with should not have been handling the file .  I have contacted them several times and usually they respond right away Not in this case   What is your suggestions and experience   Thank you in advance Jeannie

 

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Replies to This Discussion

Permalink Reply by Julie Cendejas on August 15, 2012 at 4:59am

I just had this happen too - I am on the buyers side. The Listing Agent tried and tried to dispute this as our office has over 300 agents in it - but they would not let go. So we have to split the 4% also. Very frustrating from an agents point of view. However I am happy we got the approval letter and the buyers are getting the house they want. Just wish HSBC would revise this policy. 

Did you ever get anywhere Jeannie? 

Permalink Reply by TOP END Properties on January 21, 2013 at 10:45am

I spoke with HSBC today and they said:

- 3% if the same agent represents both sides

- 4% if the same office represents both sides

- 5% if their are two separate offices.

Can anyone confirm a recent 6%? ..

Permalink Reply by Dean E Eshelman, CPA, CDPE, IRES on January 31, 2013 at 12:17pm

I assume you are representing as a dual agent. Anyone tried using transaction brokerage if you are representing both sides or both sides in the same office?

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