Yesterday I was preparing for my second closing of 2010 and in reviewing the HUD statement I discovered a $4,000 shortfall in my commission from the seller (I represented the buyer).  This has been a two month contract where the sellers agent has continued to insist that I take a reduction in commission after the contracts were signed.  The answer for her request was that the builder had no money and my choice was to take a reduction in commision or get no commission, however this is rediculous. 

I agree with the saying it's better to get a piece of the pie rather than get no pie at all.  I work for compensation, not for free.  To assist in the closing, I agreed to a $4000 reduction in commission, however on the HUD statement the seller took an $8,000 reduction. 

Now the really bad stuff.  At 8:00 am on the morning of the closing I was told by the buyers attorney that the listing agents contract had expired two years ago and that there was no active listing agreement.  I now have no alternative but to go after the other agent.  Real estate could be a lot more fun if only people acted as professionals.

The above information was provided by Dale Heck, an award winning Pinehurst, North Carolina real estate agent.  If you are looking for a retirement home you might find that Pinehurst is the deal place to retire into.  If you are interested Pinehurst NC real estate, a Pinehurst waterfront home, a Pinehurst golf Front home, a Pinehurst Condo or a North Carolina horse farm please visit one of my sites listed below.  Try Easy Search on anyone of my four web sites, it's the easiest way to search for real estate in Moore County. 

Pinehurst Real Estate  - http://www.pinehurstrealestatenc.com/

Pinehurst Luxury Homes  - http://www.pinehurstluxuryhomesnc.com/

North Carolina Horse Farms  - http://www.southernpineshorsefarmsnc.com/

Fort Bragg NC Real Estate - http://www.fortbragghomesnc.com

Fort Bragg Real Estate  - http://www.pinehurstncrealestateforsale.com/

Pinehurst homes - http://www.pinehurstncrealestate.pro/