[Raybyrnes]

evolusd

That is a great question. First the balance was growing every month as she chose the lowest “pick a pay” option. There were also 2 refinances in the course of the 8 years so I am certain there were additional fees in that scenario that added to the outstanding principle balance. Then there were some home repairs that were done.

Can’t itemize out how all that money was spent, and not trying to make excuses for people. I am certain if her mortgage broker didn’t do the loan she would have found another one that would.

[Raybyrnes]

evolusd

That is a great question. First the balance was growing every month as she chose the lowest “pick a pay” option. There were also 2 refinances in the course of the 8 years so I am certain there were additional fees in that scenario that added to the outstanding principle balance. Then there were some home repairs that were done.

Can’t itemize out how all that money was spent, and not trying to make excuses for people. I am certain if her mortgage broker didn’t do the loan she would have found another one that would.

[Raybyrnes]

evolusd

That is a great question. First the balance was growing every month as she chose the lowest “pick a pay” option. There were also 2 refinances in the course of the 8 years so I am certain there were additional fees in that scenario that added to the outstanding principle balance. Then there were some home repairs that were done.

Can’t itemize out how all that money was spent, and not trying to make excuses for people. I am certain if her mortgage broker didn’t do the loan she would have found another one that would.

[Raybyrnes]

evolusd

That is a great question. First the balance was growing every month as she chose the lowest “pick a pay” option. There were also 2 refinances in the course of the 8 years so I am certain there were additional fees in that scenario that added to the outstanding principle balance. Then there were some home repairs that were done.

Can’t itemize out how all that money was spent, and not trying to make excuses for people. I am certain if her mortgage broker didn’t do the loan she would have found another one that would.

[Raybyrnes]

evolusd

That is a great question. First the balance was growing every month as she chose the lowest “pick a pay” option. There were also 2 refinances in the course of the 8 years so I am certain there were additional fees in that scenario that added to the outstanding principle balance. Then there were some home repairs that were done.

Can’t itemize out how all that money was spent, and not trying to make excuses for people. I am certain if her mortgage broker didn’t do the loan she would have found another one that would.

[Raybyrnes]

Ben,

Just an opinion not the law. If everything needs to be agreed in advance then you are advocating for more contracts and more attorney fees and more legal bullshit. Maybe where the system needs to go is to more of a fee based scenario. You want to look you need to pay an hourly rate. Every realtor elects to work in this manner just like an attorney or CPA and less like commissioned car salespeople, copier sales, insurance agents etc.

Unfortunately what this does is put people in the mode of trying to limit the amount of time the would spend with their realtor and possibly cost them the home they were actually looking for.

I don’t have all the details of your relationship with your realtor. Additionally I don’t have his side of the story either. So their is no way to know what is right or wrong. Legally, I believe you could probably tell him to pound sand. Morally I don’t necessarily think that is wright if he put in a lot of time.

He has no leverage in this situation so he has no right to think you owe him a full commission much less anything else. He is holding the knife by the blade not the handle.

[Raybyrnes]

Ben,

Just an opinion not the law. If everything needs to be agreed in advance then you are advocating for more contracts and more attorney fees and more legal bullshit. Maybe where the system needs to go is to more of a fee based scenario. You want to look you need to pay an hourly rate. Every realtor elects to work in this manner just like an attorney or CPA and less like commissioned car salespeople, copier sales, insurance agents etc.

Unfortunately what this does is put people in the mode of trying to limit the amount of time the would spend with their realtor and possibly cost them the home they were actually looking for.

I don’t have all the details of your relationship with your realtor. Additionally I don’t have his side of the story either. So their is no way to know what is right or wrong. Legally, I believe you could probably tell him to pound sand. Morally I don’t necessarily think that is wright if he put in a lot of time.

He has no leverage in this situation so he has no right to think you owe him a full commission much less anything else. He is holding the knife by the blade not the handle.

[Raybyrnes]

Ben,

Just an opinion not the law. If everything needs to be agreed in advance then you are advocating for more contracts and more attorney fees and more legal bullshit. Maybe where the system needs to go is to more of a fee based scenario. You want to look you need to pay an hourly rate. Every realtor elects to work in this manner just like an attorney or CPA and less like commissioned car salespeople, copier sales, insurance agents etc.

Unfortunately what this does is put people in the mode of trying to limit the amount of time the would spend with their realtor and possibly cost them the home they were actually looking for.

I don’t have all the details of your relationship with your realtor. Additionally I don’t have his side of the story either. So their is no way to know what is right or wrong. Legally, I believe you could probably tell him to pound sand. Morally I don’t necessarily think that is wright if he put in a lot of time.

He has no leverage in this situation so he has no right to think you owe him a full commission much less anything else. He is holding the knife by the blade not the handle.

[Raybyrnes]

Ben,

Just an opinion not the law. If everything needs to be agreed in advance then you are advocating for more contracts and more attorney fees and more legal bullshit. Maybe where the system needs to go is to more of a fee based scenario. You want to look you need to pay an hourly rate. Every realtor elects to work in this manner just like an attorney or CPA and less like commissioned car salespeople, copier sales, insurance agents etc.

Unfortunately what this does is put people in the mode of trying to limit the amount of time the would spend with their realtor and possibly cost them the home they were actually looking for.

I don’t have all the details of your relationship with your realtor. Additionally I don’t have his side of the story either. So their is no way to know what is right or wrong. Legally, I believe you could probably tell him to pound sand. Morally I don’t necessarily think that is wright if he put in a lot of time.

He has no leverage in this situation so he has no right to think you owe him a full commission much less anything else. He is holding the knife by the blade not the handle.

[Raybyrnes]

Ben,

Just an opinion not the law. If everything needs to be agreed in advance then you are advocating for more contracts and more attorney fees and more legal bullshit. Maybe where the system needs to go is to more of a fee based scenario. You want to look you need to pay an hourly rate. Every realtor elects to work in this manner just like an attorney or CPA and less like commissioned car salespeople, copier sales, insurance agents etc.

Unfortunately what this does is put people in the mode of trying to limit the amount of time the would spend with their realtor and possibly cost them the home they were actually looking for.

I don’t have all the details of your relationship with your realtor. Additionally I don’t have his side of the story either. So their is no way to know what is right or wrong. Legally, I believe you could probably tell him to pound sand. Morally I don’t necessarily think that is wright if he put in a lot of time.

He has no leverage in this situation so he has no right to think you owe him a full commission much less anything else. He is holding the knife by the blade not the handle.

[Raybyrnes]

I tend to disagree with the board here. If the agent made good faith efforts for you all along and took time to show you multiple properties, helped negotiate and simply lost the sale(could be shenanigans that excluded you no fault of your agent) then it seems like a backhanded deal to and leave him out of the final sale. You can say that he had nothing to do with it but in reality he did. If there were 20 other properties looked at and not made a move on than that helped get you closer to the one you are finally buying.

If you don’t want to compensate him on this transaction, are you willing to accept a fair hourly rate and compensate him for the time he spent on the other properties. If total hours put in to previous transaction at an hourly rate of (XXX$’s) per hour is less than the commission would be on the purchase of this home than offer that. If on the other hand this would be less than do the right ting and give him his cut.

[Raybyrnes]

I tend to disagree with the board here. If the agent made good faith efforts for you all along and took time to show you multiple properties, helped negotiate and simply lost the sale(could be shenanigans that excluded you no fault of your agent) then it seems like a backhanded deal to and leave him out of the final sale. You can say that he had nothing to do with it but in reality he did. If there were 20 other properties looked at and not made a move on than that helped get you closer to the one you are finally buying.

If you don’t want to compensate him on this transaction, are you willing to accept a fair hourly rate and compensate him for the time he spent on the other properties. If total hours put in to previous transaction at an hourly rate of (XXX$’s) per hour is less than the commission would be on the purchase of this home than offer that. If on the other hand this would be less than do the right ting and give him his cut.

[Raybyrnes]

I tend to disagree with the board here. If the agent made good faith efforts for you all along and took time to show you multiple properties, helped negotiate and simply lost the sale(could be shenanigans that excluded you no fault of your agent) then it seems like a backhanded deal to and leave him out of the final sale. You can say that he had nothing to do with it but in reality he did. If there were 20 other properties looked at and not made a move on than that helped get you closer to the one you are finally buying.

If you don’t want to compensate him on this transaction, are you willing to accept a fair hourly rate and compensate him for the time he spent on the other properties. If total hours put in to previous transaction at an hourly rate of (XXX$’s) per hour is less than the commission would be on the purchase of this home than offer that. If on the other hand this would be less than do the right ting and give him his cut.

[Raybyrnes]

I tend to disagree with the board here. If the agent made good faith efforts for you all along and took time to show you multiple properties, helped negotiate and simply lost the sale(could be shenanigans that excluded you no fault of your agent) then it seems like a backhanded deal to and leave him out of the final sale. You can say that he had nothing to do with it but in reality he did. If there were 20 other properties looked at and not made a move on than that helped get you closer to the one you are finally buying.

If you don’t want to compensate him on this transaction, are you willing to accept a fair hourly rate and compensate him for the time he spent on the other properties. If total hours put in to previous transaction at an hourly rate of (XXX$’s) per hour is less than the commission would be on the purchase of this home than offer that. If on the other hand this would be less than do the right ting and give him his cut.

[Raybyrnes]

I tend to disagree with the board here. If the agent made good faith efforts for you all along and took time to show you multiple properties, helped negotiate and simply lost the sale(could be shenanigans that excluded you no fault of your agent) then it seems like a backhanded deal to and leave him out of the final sale. You can say that he had nothing to do with it but in reality he did. If there were 20 other properties looked at and not made a move on than that helped get you closer to the one you are finally buying.

If you don’t want to compensate him on this transaction, are you willing to accept a fair hourly rate and compensate him for the time he spent on the other properties. If total hours put in to previous transaction at an hourly rate of (XXX$’s) per hour is less than the commission would be on the purchase of this home than offer that. If on the other hand this would be less than do the right ting and give him his cut.

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