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Updated about 6 years ago,
2 Commercial Loan Brokers to be compensated on 1 Loan Transaction
If one loan broker (#1) refers commercial real estate loan to another loan broker (#2), for a commercial property refinance in California, and both Loan Brokers have a fee agreement signed by the Borrower, can both of the Loan Brokers' demand of pay-off be put on the escrow closing statement ?
This is a commercial loan for a commercial investment property in California. Both loan brokers are CalDRE and NMLS licensed. Both brokers have separate fee agreements signed by Borrower agreeing to pay 0.5pt to each of the Loan Brokers.