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21 April 2023 | 24 replies
They make a commission / origination fee off of loans they procure.
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8 May 2023 | 12 replies
My suggestion is to procure rentals in the same manner as flipping, by acquiring distressed properties and increasing equity through rehabilitation.
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20 April 2017 | 2 replies
Some charge 50% of one month's rent, which is what our company does, so for a home in Berwick, you would actually save money using a company that charges a lower flat fee for a procurement fee.
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1 December 2020 | 10 replies
The VA loan allowed my entry point into real estate by placing no money down versus other procurement methods, like a conventional loan.
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6 September 2022 | 8 replies
All of these where procured the conventional way with my own hard earned money used as a down payment.
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7 April 2017 | 1 reply
Highly disclose that you aren't the procuring buyer to the seller!
11 August 2012 | 6 replies
I have never heard of a listing agreement that did not have the "protection clause" and any broker/agent that is the procurring cause of a sale will be entitled to a commission even from an expired listing contract.
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7 March 2016 | 11 replies
Another one i did was for a Line of Credit, I purchased for $32,200 with Cash, had to pay some back taxes and water bills,, the borrower stayed, and now rents from me, the BPO was $80K, my banker gave me a Line at $75% so $60K for me to procure with cash. its a fantastic system.
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16 May 2012 | 46 replies
If a Realtor was the procurring cause of the sale they will be entitled to the commission, paid by the seller at closing from the proceeds of the sale.
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3 August 2010 | 12 replies
B won't deal with A any longer if A did push it.When you hear about these cases paying off is when a seller terminates a contract and turns around and sells to a buyer who was shown the property by the agent that was cut out or was the procuring cause of the sale.This clause in a listing agreement is there to protect the listing agent and broker in those cases, not as a punishment to get even with a seller who was informed by his sister-in-law that she could do the listing on a co-broke arrangement with one of her buddies who is in the area.