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Updated over 14 years ago on . Most recent reply
![Luiz Souza's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/39532/1621391347-avatar-lsouza.jpg?twic=v1/output=image/cover=128x128&v=2)
LM FEE ILLEGAL
Got a phone call from my Agent today & according to a meeting he had with both of his brokers if you are not a licensed mortgage broker or realtor you are breaking the law by negotiating a SS in the borrower's behaf and collecting a fee. So I guess good bye to the A to C LM FEE. Are they right? or Where can I find this out with details? Does anybody know?
Thank you
Most Popular Reply
It seems to me by looking at your posts over the last few months that you might be having trouble with short sales! Just for a few examples:
http://www.biggerpockets.com/forums/103/topics/51689-more-bad-news-about-sss-
And
http://www.biggerpockets.com/forums/103/topics/48800-second-killing-the-deal
And
http://www.biggerpockets.com/forums/103/topics/49647-short-sale-coming-to-an-end-
And
http://www.biggerpockets.com/forums/103/topics/48932-freddie-fraud-
What is the deal? I would recommend some changes to your business plan if you are having that much trouble! Like outsourcing your negotiations. Seriously!
I say it not out of spite just as an observation that you have started quite a few negative threads about SS's of late.