As we all know, selling a foreclosure may be a great thing for your buyer but what about your commission? In a recent closing, the asset companies changed on the day that I submitted my offer and not knowing, so did the commission. FINE...this is what was best for my client. But, I think it is time for us REALTORS to stand up the the banks and asset companies for our commissions. If every REALTOR the represents asset companies would hold these institutions accountable, just like every other client we have, we could maintain our commission rates. These companies need to understand that it is a privilege to have their property in out MLS systems, not a right. And for that privilege, there is a fee. If you have every sold a foreclosure and the transaction was perfectly smooth, God bless you. I would like your opinion...
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