
27 August 2024 | 43 replies
Section 61-2c-102 broadly defines "Business of residential mortgage loans" as follows:(g) (i) "Business of residential mortgage loans" means for compensation or in the expectation of compensation to: (A) engage in an act that makes an individual a mortgage loan originator; (B) make or originate a residential mortgage loan; (C) directly or indirectly solicit a residential mortgage loan for another; (D) unless excluded under Subsection (1)(g)(ii), render services related to the origination of a residential mortgage loan including: (I) preparing a loan package; (II) communicating with the borrower or lender; or (III) advising on a loan term; or (E) engage in loan modification assistance.

25 August 2024 | 10 replies
The builder's PSA is going to have clauses protecting them in the event of unforeseen delays, but if the delays are bad enough, they might be willing to compensate a buyer on a case-by-case basis.

21 August 2024 | 1 reply
I didn't see any requirement for compensation in this regard, so I don't think I technically owe her anything, but offered $50 for the inconvenience, since it was longer than she initially was ok with.

20 August 2024 | 0 replies
Compensation has always been fully negotiable, but that has not always been transparent to the consumer.

24 August 2024 | 23 replies
When I had my property management company (and the people I sold it to and manage my properties continued it) the policy was late fees are split 50/50, which I think is the ideal scenario.My rational was it takes more time and effort as a PM to collect when a person isn't paying, and at the same time the owners might not receive the rent when they should, so 50/50 compensated us both.

22 August 2024 | 3 replies
It usually starts with a notice being posted, so get that done asap to 'start the clock'.Keep in mind you should receive their security deposit as a transfer from the previous landlord as a part of closing, so that will at least compensate you somewhat for the lost income if they haven't trashed the place and such.One other set of questions would be - do you want them to leave?

22 August 2024 | 3 replies
As a partner who will be getting a payout at closing day, how much should he be compensated for his labor and should I be compensated for listing the homes?

22 August 2024 | 2 replies
You are paying a good chunk of compensation to your agent, and this should be their wheelhouse.

21 August 2024 | 28 replies
And that accretion is traceable to compensation for services.If you really don't want to be taxed on the commission, refuse it along with any reduction in purchase price or credit.

22 August 2024 | 2 replies
Yield Spread is when a lender gets compensated from the rate sometimes without disclosure to the client.