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

By
Real Estate Broker/Owner with Action Investments and Hawaii Pacific Realty BRE Lic# 01481898

House ForeclosureI 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, Real Estate Broker, CA Dept of Real Estate Lic. #01481898
(818) 357-9658 Cell
(866) 791-3290 Fax
jhector@socal.rr.com
www.jasonhector.com
Broker--Action Investments
11630 Seminole Circle
Northridge, CA 91326
(800)-626-6469 Phone
(866)-791-3290 Fax

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Anonymous
Anonymous

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 :)

Oct 10, 2008 02:56 PM #1
Rainer
20,742
Jason Ian Hector
Action Investments and Hawaii Pacific Realty - Porter Ranch, CA
Real Estate Broker in California and Hawaii

Great answer.  That was very helpful.  Jason

Oct 11, 2008 04:41 AM #2
Rainer
48,883
Abacus Properties, Inc. DBA Apple Dream Homes
Abacus Properties Inc. - San Diego, CA

That's good to know. Thanks

Oct 11, 2008 05:10 AM #3
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Rainer
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Jason Ian Hector

Real Estate Broker in California and Hawaii
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