So what have I been doing? I just finished my first book. "Broken Life - A Fight For Forever" It is in print now and should hit the streets in about six weeks. (Shameless plug!!)
I am so proud of out industry. You know for a while I thought that only the crooks would be left to ruin the lives of the most vunerable people doing this time of crisis. Well I see a few of us honest people have stuck in this games of dog and cat.
Last week I sat across that table from my seller who was selling his home as a short sale; while we sat there the buyer's agent demanded 3% commission although the MLS said commission was subject to third party approval and told me she either gets the 3% or she would tell her client to walk. My client's wife had a baby the day before and I thought they had been through enough.
The buyer's agent told me to suck it up. That broke my heart. Every short sale I have worked on has had its share of trouble but "Suck it Up" just plain hurt.
I took it like a pro, no friend to my client and took the cut. Why should my client suffer for someone else's total disregard to the whole third party approval clause. Sucks huh!!
I am over it almost. I, like so many agents count on at least getting half of what the banks offer. I now have no choice but to think of putting on 2.5% buyers agent commission on all of my short sale listings. Breaks my heart but fair is fair. And this time I felt cheated.
Anyone had a similiar experience?
Vangie: How pitifully low of that other agent to make such a heartless demand. What hits me first is that "what goes around, comes around." Sooner or later, that boomerang the other agent threw at you... will return.