Sometimes I don’t like to read comments on this site as they are so full of stories about LAME realtors and this is another one.
The whole thing just smells bad.
I do believe there are ALWAYS going to be some/alot/most, choose your selection, realtors who are not ethical. (That is a kind way of saying they are greedy aholes). Yet sellers HAVE GOT TO EMPOWER themselves. This seller could have very easily used another agent. Hey if you are selling your home and it is not moving, or you are not getting traffic, try another agent. Try lowering the price. There are alot of alternatives out there. Usually if something looks odd, then it is odd.
The appraisal is not going to catch anything like this as it has nothing to do with it. I do not do loans so I do not know if the commission payouts get reviewed by the lender. I sincerely doubt that they do.
So much for the checks and balances.
I just cannot fathom that a seller would not try other opportunities/methods/people before coughing up that much commission.
Don’t get me wrong, I AM NOT DEFENDING THE REALTOR…
