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How do short sale negotiators usually get paid and how much???

House Foreclosure I am working with a short sale negotiator on a purchase transaction and they are charging a 25% referral fee for the entire commission. It doesn't seem right to me. Isn't the short sale negotiator working for the seller only? Wow, experience does have it's price.

On the positive side, the negotiator already had approval from both lenders. The first and second are with different lenders. Looks like he has been working on this transaction for several months. I'm not doubting that it is a well deserved referral fee, just curious about other peoples experiences. Your feedback is greatly appreciated.

Posted by Jason Hector on 10/01/2008 02:32 AM

Comments (3)

short pay, short sale, short sale negotiator, foreclosure, pre foreclosure, referral fee

This post has been included in California Information Los Angeles County, CA Information
Post is included in group: California Loan Modifications, Short Sales, & REOs
Post is included in group: California Realtors
Post is included in group: California Short Sales, REO's, and Foreclosures
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3 Comments on How do short sale negotiators usually get paid and how much???

OCT

2008

It is typically 1% of the sale price.

100k @ 1% = 1k to negotiator

100k @ 2.5% commission = 2,500 @ 25% = 625 to negotiator

Some are doing 1% plus 795.00 and I've seen others do a flat 2500

We charge a flat 795 - the 25% isn't bad for the hassle you aren't having to deal with :)