RealTown's RealTalk

I have read that same advice recently. I am interested in responses to the question.

Hi all,

As a point of reference, we always list a buyers agent commission (50% of what we have in our listing agreement with the seller) with a "*" (asterisk). Then in the firm remarks add, subject to 3rd party approval.

Also as part of our dealings with the Seller's, we have then pre-approved or qualified by an attorney or group who specialize in short sales. They become part of our team and know what the fee is and work hard to make things happen. They know all too well that if the numbers are hacked away, agents will resist doing Short Sales all together and the result being more Seller's going into foreclosure resulting in higher costs and greater losses for the banks. If you are presenting an offer, one thing you can do is attach a copy of the MLS listing and note in the offer what you expect the commission to be. Do not get greedy and attempt to reject that which is in the mls as this will more than likely be turned down. I also make it a point to inquire with the listing agent if they are a 50/50 split office. If your concern as a listing agent is that you may not get the full commission, then list it less keeping in mind that this may turn some buyer agents away.

Hope this helps

Bart