[quote=drboom][quote=bearishgurl]And, when you represented yourself on the failed short-sale transaction, did the listing agent ever offer to give up any of his commission to entice the bank to accept your (short) offer to purchase? After all, wasn’t he/his broker going to be paid 100% of the commission since you were unrepresented and thus they didn’t have to split any with you?[/quote]
. . . Fair question. We had a buyer’s agent–a former colleague of the listing agent–at a different brokerage lined up for the sole purpose of representing us during escrow–a fig leaf, if you will. We would have split the commission with that buyer’s agent. I never met that agent, let alone signed anything with him, since the deal never went into escrow.[/quote](emphasis added)
Ah, now I understand completely, drboom. Thank you for clarifying that.
Mr/Ms Fig Leaf, if you will . . . was he/she named on your (Agency attachment or addendum) as your “buyer’s agent” within your offer to purchase? If so, how much commission did they request? (percentage) If the bank had accepted your short-sale offer, your must know that your “deal” would have immediately be sent to escrow. drboom, how do you suppose your escrow officer was going to prepare any instruction or addendum on your “commission-split” with Mr/Ms Fig Leaf if you had never seen or signed anything with him/her? In other words, how did you propose to get paid your “split” if your short-sale offer was accepted?
