Best way to react when the bank asks you to reduce your commission on a short sale. It is not fair that the banks get all the benefit from the bail out and still insist on short changing the Real Estate Agents that work so hard. Just had another short sale closing Friday. I just said no to the lender. We closed!
Bruce - the banks forget how much work it actually is to take a short sale listing and then babysit it to closing. They should be like Starbucks and make everyone work "the counter" before going to the corporate office. Might change their outlook and appreciation level for how hard you work.
That is a great point Kevin has, the bank employees should be expereinced in the aspects of their job that most have no clue at, making decisions that affect peoples lives that they dont seem to care about
Working with a bank right now and had to negotiate my commission to make it go. I really was not happy about this and went above the call of duty all the way.
Way to hold the line Bruce. "You want me to reduce what...?" NOOOOOOOOOOOOOOOOOO!!!!!
I couldn't agree more! I make it a point to include my listing agreement, with the negotiated brokerage fee highlighted, with every short sale package. Then when that request inevitably comes up, I refer them back to it, and push back. The more success they have with brokers who roll over on this issue, they will try to pull it!
so how have your short sales been going lately? Do you see any change in bank behavior?
Comments(8)