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Updated about 14 years ago on . Most recent reply

Brian Colbert's profile image
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Brian Colbert
  • Contractor
  • from Dana Point, California
  • Member since Apr 9, 2010
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Brian Colbert's profile image
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Brian Colbert
  • Contractor
  • from Dana Point, California
  • Member since Apr 9, 2010
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Brian Colbert
  • Contractor
  • Dana Point, CA
9
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General Real Estate Investing

Who Pays the agent on an REO

Brian Colbert
  • Contractor
  • Dana Point, CA
Posted

I am interested to learn if the bank pays or does the buyer pay the agent on an REO. Also I know everything is negotiable but the website I see say they won't. Any advice from someone how knows?

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Mitch Kronowit's profile image
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Mitch Kronowit
  • SFR Investor
  • from Orange County, California
  • Member since Dec 3, 2009
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Mitch Kronowit
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  • from Orange County, California
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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
Replied

The seller, i.e., the bank in an REO, usually pays the agent's commissions. That's how it worked with our last 2 REO purchases.

If anyone's heard of an exception, please let us know.

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