Comments on: Can a agent get commissions from Foreclosures?

By: borrowerhotline.com

borrowerhotline.com — Thu, 02 Apr 2009 23:54:45 +0000

a buyer is someone who is ready able and willing to purchase a property. The seller is the same in terms of a transaction. The price they arrive at it is called the “market”. (most often as is th case). Nothing is written in stone I guess as to reduced commissions. But a Realtor provides a valuable service between the two parties. Hmmmm what am I missing here.

Good Luck

By: Wendy

Wendy — Mon, 30 Mar 2009 18:56:11 +0000

Yes you are entitled to a commission. As others have stated, it should be listed on the MLS sheet and if it is not, you should ask. Foreclosures are a pain at times and can be very frustrating, but in the end clients usually save a good deal of money and can earn a lot of “instant equity” just fixing things that have been allowed to decline. Your clients will remember you for your effort and refer you to their friends. Hope this helps.

I am a licensed real estate agent in NC and work with foreclosures regularly.

By: godged

godged — Sat, 28 Mar 2009 09:42:29 +0000

If it is listed in the MLS, it should indicate what the commission will be. Some lenders pay a very small commission, but some are better.

REOs can be tough, they have addendums that your buyer will have to sign, they sometimes don’t want to to any repairs, getting a straight answer can be impossible, just make sure you prep your clients that this could be an exercise in frustration at times.

By: Dawni Do Right

Dawni Do Right — Sat, 28 Mar 2009 09:03:29 +0000

If it is listed in the MLS, the SOC should be in the listing.

If it’s not listed, there should be a provision in your sales contract that allows you to write one in.

By: zocko

zocko — Fri, 27 Mar 2009 03:07:58 +0000

yes, it should be on the MLS listing sheet. If not, then ask them what the comm is.