Hello,
I am listing agent on a Short sale property which the owner is a licensed real estate agent.
The owner is not a a listing agent.
Would chase approve the listing agent commission if the owner is also a Realtor?
Has anyone ran across this?
Tags:
Connie
As long as the current homeowner/seller does not represent themselves as agent on the purchase contract you should be fine with getting approved for a commission with Chase.
If your last name is the same as the sellers then you've got a problem.
The listing agent and the homeowner cannot be with the same brokerage nor can they be related. If you and the seller are with XYZ Company, the seller will have to list the property with ABC Company. Conflict of interest.
Double dip... The seller gets no money at closing. Why would the bank let the seller get paid a com on the sale of their home.
Commission should not be a problem if they are not the listing/buying agent and are not related.
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