question regarding writing an offer in my name as the buyer and agent
As an agent, I have sold many short sales. I recently wrote an offer to buy a short sale as my primary home. The listing agent insisted that I write the contract as if my broker was representing me. I don't see why a lender would care if the buyer was an agent since I would not be buyng as an investment property. Have any of you come across this before and if so how did it effect the commission structure.
Tom
Replies to This Discussion
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Permalink Reply by Joseph Alfe on
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If your name is on the offer as a buyer, you will not be allowed a commission. Put it in your brokers name or someone else in your office. The listing agent has no say on how you write the offer.
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Permalink Reply by Ann Wilkins on
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I represented an agent in our office when she wanted to buy a short sale for the same reason - no commission paid if you write your own offer.
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Permalink Reply by Lilibeth Rose on
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wow, really? this is a very helpful info. I had earned a commission buying a home for myself from a Fannie Mae- foreclosed home- I guess that is completely different than an active short sale.
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Is this a form of discrimination to agent? I don't see why we cant get our commission buying a short sale home. We are not related to the owner whatsoever.
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