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Updated almost 12 years ago,

User Stats

179
Posts
71
Votes
Michael Galloway
  • Real Estate Investor
  • Lafayette, CA
71
Votes |
179
Posts

10% commision on a Short Sale?

Michael Galloway
  • Real Estate Investor
  • Lafayette, CA
Posted

Thought i would start a new thread. It came up in conversation today that a typical real estate transaction for my Brokerage we are charging 6%. For those who know the bank is the payer in this transaction. In my experience i have had several banks try to lower this in negotiation. I am very adimant with the bank and tell them to talk to their legal department before they try to lower my contracted 6% commission. I have never lowered my standard. So, this posed the question, or DARE from K. Marie Poe, CAN YOU ASK FOR 10%? So... I'm taking the DARE...

Has anyone charged more that the standard 6% on a short sale and gotten it excepted?

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