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Thanks Bryant, points well taken. I understand what you're saying about the possible "conflict of interest", however, in this situation my client becomes the seller and the listing agent, and nobody else. In my experience, and most who do short sales, the biggest problem we face is the buyer "walking" after months of working on the short sale. My goal would be to keep the buyer in the picture while getting the best short sale approval possible for the seller. I would kind of look at it as one real estate office with 2 agents representing the seller and buyer. Both work for the same company, and both have the same goal (settlement), but both will be looking at for their respective client's best interest. You're right, we wouldn't get paid unless the buyer's loan closes, but the seller won't be able to close unless they get an adequate short sale approval---with a buyer still on the other end. And yes, every state is different regarding licensing. thanks
Jeff---my client, regarding the Short Sale, is solely the Seller and Listing Agent. Listing Agent is given my info and list of services after the contract is signed. If agent and seller want to use the service, they can, and they become my client. I am essentially working within a different group entirely than the Origination group. Both of our goals is for the deal to close, with my interest being the best interest of the Seller. Using this service is not part of the sales contract negotiations. Does that make sense?
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