Comments on: Time for Traditional Agents to Get Real and Come Clean http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/ Seattle's Leading Resource for Real Estate Information Sun, 08 Nov 2009 01:47:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: ARDELL http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/#comment-136587 ARDELL Thu, 17 May 2007 21:11:49 +0000 http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/#comment-136587 LOL. Thanks Patrick. I needed that today. LOL. Thanks Patrick. I needed that today.

]]> By: Patrick Flynn, Designated Broker http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/#comment-136586 Patrick Flynn, Designated Broker Thu, 17 May 2007 21:09:05 +0000 http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/#comment-136586 Halalulua Sister!!!! Halalulua Sister!!!!

]]> By: ARDELL http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/#comment-135892 ARDELL Wed, 16 May 2007 16:39:17 +0000 http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/#comment-135892 I've done some juggling. Often the lender will allow up to 7% of commissions in the transaction, so building the commission up to 7% and then using an agent credit to make repairs, is sometimes the only way to get the cash needed into the transaction. Unfortunately that will indicate high commissions to the data crunchers, as the agent commission credit on the sheet does not show a net when they calculate average commission dollars. I’ve done some juggling. Often the lender will allow up to 7% of commissions in the transaction, so building the commission up to 7% and then using an agent credit to make repairs, is sometimes the only way to get the cash needed into the transaction.

Unfortunately that will indicate high commissions to the data crunchers, as the agent commission credit on the sheet does not show a net when they calculate average commission dollars.

]]> By: Jonathan Dalton http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/#comment-135884 Jonathan Dalton Wed, 16 May 2007 16:23:02 +0000 http://raincityguide.com/2007/05/16/time-for-traditional-agents-to-get-real-and-come-clean/#comment-135884 That's also the reason commissions tend to be higher on short sales and the like ... you know up front the bank is going to demand some sort of reduction in the end, so you build that in up front so you have room to maneuver when needed. That’s also the reason commissions tend to be higher on short sales and the like … you know up front the bank is going to demand some sort of reduction in the end, so you build that in up front so you have room to maneuver when needed.

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