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Updated over 13 years ago,
Realtor to contribute 2 % of his comission to our deal..
Can a realtor include part of his commission to our deal in escrow?
I like to look at houses but REALTORS are so '' busy'' to show them and after 2nd house they show you its too much trouble for them.
I find a nice house alone and got a choice to call my best friend who is a Realtor and beg him to show it to me and he will make 3 % for few minutes of his time or call the listing agent and let him make 6% .
I think is better idea just to ask the listing agent to contribute 1-2 % to the escrow.
He make a lot bigger check and i am awarded for finding the property alone and call him for sure deal.
Few days ago i find a good deal and decided to ask the listing agent to contribute 2 k to the deal.
His immediate answer was- NO,this is illegal.
My responce was i am not asking for money under the table but LEGALLY disclosed in contract and escrow condition.
He kept saying is highly illegal to which i answer cant be because i watched a show on HGTV were in House Hunters the REALTOR contribute 5 k from his commission to the closing cost.
I understand he is fighting to keep the whole 6 % but telling me a lie he lost it all.
Is it legal or no ?
What creative ways you guys use to get help in closing cost in closing?