http://www.whatagentsfeartellingyou.com
The Professional Short Sale Negotiator – a New Face in the Real Estate Cast of Characters
An exhaustive (as in it pooped me out) study of Short Sale homes for sale in Orange County CA uncovered a rising trend in the number of Short Sale listings with the terms “Buyer to pay for Professional Short Sale Negotiator Fee of 1% of the sales price.” What in the world is going on here? This is just wrong on so many levels – let me outline just a few.
Wrongness Level 1. Isn’t the Short Sale Listing Agent a Professional Short Sale Negotiator?
That’s our job. When a Realtor agrees to help a distressed home owner sell their home for less than what they owe the bank, that Realtor has the fiduciary responsibility to negotiate on behalf of the seller, their client. That includes negotiating EVERYTHING on behalf of their client. By definition, they have signed a contract to be a Professional Short Sale Negotiator. How can they hand that fiduciary responsibility off to anyone else? Let alone ask a buyer to pay for it?
Duration : 0:2:17
(more…)
Technorati Tags: Agency, Feduciary Responsibility, Leslie Eskildsen, Orange County Real Estate, realtors, Short Sale Negotiators, Short Sales
Recent Comments