COMMISSION
I have been referred to a Detroit listing. There is only one mortgage, BUT, houses in the area are selling between $4000 and $20000. I listed the commission at $1000. Does anyone know if Ocwan will try to limit it to 3%? $9000 sale price, 3% = $270....share with broker??? The problem is, the source of this referral could lead to a lot of listings......mostly Detroit.
Replies to This Discussion
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Permalink Reply by Loren Hoboy on
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I can't respond to what they may do in this case, but you can't stay in business performing work at less then cost. Your time has value. The amount of work in a short sale is far more then a conventional listing. Look at is way. If you take this one, what other work or follow up will you let slide or walk away from to handle this transaction. If it were me I would put in my commission and go for it.
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