Thanks SD Realtor I’ve been reading your posts for a long time now. You always have a world of insight into the real issues. Not just bitter responses.
Like I said, in hindsight, I am sure what happened is the broker over charged the person on their closing costs. In other words, the broker probably charged the buyer the $20k to close, in addition to the 2% broker fee. This is probably why the told my realtor that they couldn’t afford to go higher than $435 sell price. They knew they could find a comp for $455k at the time, which would result in a huge profit for them to close the deal at the buyers expense.
It’s really unfortunate and I hate that I possibly contributed to it looking back. I hope that the industry cleans up and becomes more respected once again.
