Seller Agent Commission Kickback

[Scarlett]

It is NOT FAIR GAME.
[quote=recordsclerk]If you have an opportunity to talk directly to the listing agent, you can get valuable information regarding the sale of the property. Sometimes the seller wants something that is simple to provide had you just known about it while writing up the offer. [/quote]

But I don’t understand why all those conditions are not disclosed to all the buyers? Why does it have to be a “secret” deal? It is very unfair, IMHO. I believe all the buyer’s agents do talk directly to the LA – however not all will get the same vital information. These conditions should be spelled out in the Remarks – the seller would prefer a 30 days rent, or “moving costs” (to satisfy the lender) or something like that – so all buyers would be aware of that. THEN let the best offer for the seller win. I understand that it may not be the highest, if the one with the highest wouldn’t satisfy those other criteria. But I think it should be full disclosure about how the offer would be rated.

[sdrealtor]

Its not a SECRET deal as he stated it was done through escrow. In fact, the lenders both have to agree to it.

What he was describing was terms that the seller needs to make the deal work for them. If your agent asks they will find out.

[sdrealtor]

Its not a SECRET deal as he stated it was done through escrow. In fact, the lenders both have to agree to it.

What he was describing was terms that the seller needs to make the deal work for them. If your agent asks they will find out.

[sdrealtor]

Its not a SECRET deal as he stated it was done through escrow. In fact, the lenders both have to agree to it.

What he was describing was terms that the seller needs to make the deal work for them. If your agent asks they will find out.

[sdrealtor]

Its not a SECRET deal as he stated it was done through escrow. In fact, the lenders both have to agree to it.

What he was describing was terms that the seller needs to make the deal work for them. If your agent asks they will find out.

[sdrealtor]

Its not a SECRET deal as he stated it was done through escrow. In fact, the lenders both have to agree to it.

What he was describing was terms that the seller needs to make the deal work for them. If your agent asks they will find out.

[Scarlett]

I understand the lenders agree. But are you sure that if all buyers agents ask, they WILL all find out? I don’t know why but I doubt that. Because I am assuming that ALL buyers agents WILL ask those things. Anyhow, what I am saying is, if all those “preferred” terms would be in writing there wouldn’t be any doubt about how a deal went through and yours didn’t. No harm in that – since according to you, if you ask you will find out – so then why not put in the suppl. remarks, no?

[Scarlett]

I understand the lenders agree. But are you sure that if all buyers agents ask, they WILL all find out? I don’t know why but I doubt that. Because I am assuming that ALL buyers agents WILL ask those things. Anyhow, what I am saying is, if all those “preferred” terms would be in writing there wouldn’t be any doubt about how a deal went through and yours didn’t. No harm in that – since according to you, if you ask you will find out – so then why not put in the suppl. remarks, no?

[Scarlett]

I understand the lenders agree. But are you sure that if all buyers agents ask, they WILL all find out? I don’t know why but I doubt that. Because I am assuming that ALL buyers agents WILL ask those things. Anyhow, what I am saying is, if all those “preferred” terms would be in writing there wouldn’t be any doubt about how a deal went through and yours didn’t. No harm in that – since according to you, if you ask you will find out – so then why not put in the suppl. remarks, no?

[Scarlett]

I understand the lenders agree. But are you sure that if all buyers agents ask, they WILL all find out? I don’t know why but I doubt that. Because I am assuming that ALL buyers agents WILL ask those things. Anyhow, what I am saying is, if all those “preferred” terms would be in writing there wouldn’t be any doubt about how a deal went through and yours didn’t. No harm in that – since according to you, if you ask you will find out – so then why not put in the suppl. remarks, no?

[Scarlett]

I understand the lenders agree. But are you sure that if all buyers agents ask, they WILL all find out? I don’t know why but I doubt that. Because I am assuming that ALL buyers agents WILL ask those things. Anyhow, what I am saying is, if all those “preferred” terms would be in writing there wouldn’t be any doubt about how a deal went through and yours didn’t. No harm in that – since according to you, if you ask you will find out – so then why not put in the suppl. remarks, no?

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

[SD Realtor]

Scarlett alot of those things will crater the deal if they are in writing and are delivered to the lender (the first) regarding the short sale. At the beginning of the process if the first knows you are gonna hold back cash for the second they will not authorize the deal. Having the experience of knowing when to put that into play and when not to is important. Similarly doing things like paying out of pocket expenses for the seller is also something that could be considered in a very negative light by the short selling lender. So can you put them in writing as an addendum? Well yes you can. You can also not deliver them to the short sale lender but again, you walk a fine line at that point. Your agent should also know what to ask and what not to ask in order to get the deal done.

Also there is a familiar theme here which is, many a buyer is frustrated with what is out there and how difficult it is to get something of quality. However when they do have that opportunity but are forced to do things like the previous poster wrote about, many are reticent to do that. So at this point you are frustrated and it is understandable. However it is also hard to predict how you or any buyer would react to undefined parameters and/or paying out of pockets for a short selling homeowner when it is crunch time. Obviously it would depend on how much you wanted the home.

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