 If a tenant is on a month to month rental agreement, and wants to move out before next months rent,? |
| If a tenant is on a month to month rental agreement, and wants to move out before next months rent is due, can the tenant legally do this without legal repercussion? Is there any law saying there has ... |
|
 Why no offers on our house? |
| House has been on the market since Aug in the Chicagoland area. We have dropped the price and have been matching comps. We havent even gotten a low-ball offer. Painting could have been better which ... |
|
 What is First and Last when it comes down to renting? |
| I always thought it was the first months rent and a deposit to move in but what is first and last? I am assuming that it means the same thing as first month's rent and deposit, correct?... |
|
 How do I sell property, that I own, in a different state than where I live? |
A relative passed away and willed me some property. The details with the deed are being squared away currently. How do I find out how much the property is worth and how would I sell it?
A... |
|
 How can my step daughter rent a property if she doesn't have a job? |
| My stepdaughter has been given notice on her rental house because the landlord wants to sell it. When she has been to look at other properties she has been told she must have a job paying at least ... |
|
 My apartment complex is in neglect - how can I get the landlord to do his job?? |
| I recently moved into an apartment complex in Arlington County that is privately owned (landlord, not a leasing company) and have found the building in disrepair (roach infestation, maintenance ... |
|
 Should i refi or take equity out? i own a home alone but my bro. pays 1/2 my apr is 5.3 fixed? |
| i dont wanna take out money but he does cus of his high debt, what should i do? our payment is 1250.00 monthly and have owned the home for 3yrs, i bought it for 170 and its worth about 300 now please ... |
|
 Does the landlord have to give notice PRIOR to entering your apartment? |
| . We moved in 6weeks ago and we feel like were being harassed .The maintenance people have been in here twice while we were not home..once to change the air filter and once for pest control, ("... |
|
 What are the consequences to backing out of a purchase agreement on a house? |
| If I decide to back out of the purchase agreement for no reason other then I don't think I want the house anymore, what are my consequences. I have already made a deposit on the house, had a ... |
|
 Recently married and interested in buying a house. is 50% of our take home pay too much for a mortgage? |
| my wife and i take home 7400 a month. is 3700 a month too high for a mortgage? we want a new house.... |
|
 Why loan rates are much higher in the US compare to france? |
When you buy a house
In the US, you have 7% for 15 years and 5,5% for 30 years
In france, you have 3,8% for 15 years and 4,1 for 20 ... |
|
 I am buying a house for the first time? |
What do I need to do from step one, like mortgages, down-payments, and other things.
Additional Details
I have been pre-approved now what?... |
|
 Can I really afford this? |
| I am a single mom looking to buy a house. I was qualified for 185,000.00. Most people know that when you quilify for a certin amount that you want to stay under that. I found a house that i would ... |
|
 Does our landlord have the right to show our house while we are still living here? |
| our rent is paid up until the end of the month and landlord wants to show the house before we are out. Nothing in our lease states it is allowed. Is this an invasion of our privacy? ... |
|
|  |
mzJakes | Real Estate Professionals Please - Hypothetical Situation"? |
I'm selling my home as a FSBO. A prospective buyer calls to make an appointment to see the house. The buyer states that she is also a broker, and although she is looking to buy the house for herself, her company requires her to charge the 3% buyers commission.
Is this a common practice? Is this legal? Is this ethical? Is she trying to essentially get a 3% discount on the purchase? |
 |
 
robert S
 |
You are being given a bunch of misinformation. The reason behind this is a matter of philosophy and a bunch of people who gets their licenses just to save a commission and then muddle up the water for everyone.
Professional and ethical companies tell their agents that if they believe in the viability of the industry, you work through the system. You don't list your own property as FSBO and you do not buy FSBO. It would be hypocritical for an agent to tell the customer to use the service of a Realtor and then put up a FSBO sign. If the agents do not follow that rule, they don't work there. This has nothing to do with money.
Having said that, most real state companies, rebate all the commissions to the agents if they are purchasing the property as their own home. If this agent is serious about purchasing your home, work with that person. Simply look at your net amount of the sale. If it is acceptable to you, take the deal. If not counter the offer. She is obligated to inform you she is a licensed Realtor and most state laws make it legal for the seller or buyer rebate commissions to the agents at closing. |
|
Lade Cee
 |
Perhaps if they have entered into a buyer broker agreement and they turned her onto your property. Otherwise that does sound sort of fishy. Ask them how they came about finding your property. As always everything is negotiable, find out if they may be willing to pay the commission. If you have any other questions, please feel free to contact me at:
ladecee@hotmail.com
Licensed Florida Real Estate Agent |
|
Need Answers
|
If she is buying it for herself, it is not legal nor ethical. She is trying to get a commission on the purchase of her own home and the answer you should give is "NO". If you have not taken on any contracts to sell through 3rd party nor should you allow them to push you into it. Good Luck |
|
newmexicorealestateforms
|
I would give you the links that Professional organizations have provided to the public answering your question but yahoo answers says that providing links with the proper answers to questions is spamming and they rather just have written answers from sources that are not qualified to provide such answers |
|
greenshirt
 |
She is a shady unethical broker like most real estate agents. She is lying to you to either get you to list your house with her or get a concession to get money out of the purchase, getting a lower price for the property. If she is purchasing the property for herself it has nothing to do with her company. Call her back and tell her you are going to report her to the State real estate board for unethical practices. |
|
satarnag
|
It's total BS. As a licensed person, she needs to disclose this fact when dealing with any property transaction. However, there is no such thing as giving her commission. If she is a Realtor, I would report her to the local National Association of Realtor's office.
Tell her to go pound sand and leave you alone.
Regards |
|
muncle Tom
|
tell them no on the the 3%
you are the seller you say yes or no to everything
Ithink they are trying to get a discount
you can find some one to do the paperwrok for a flat fee or 1.5 % |
|
Matt J
 |
That is funny you asked this question. I am working on a loan just like this right now. Most of the banks will not do this. However there are some that will.
Matt
http://www.diversifiedlender.com/
http://www.minnesota-mortgage-rates.net/ |
|
Alterfemego
|
I've heard of Realtors using this as a ploy to get their foot in the door. Ask to see her qualifying letter first. That puts her on notice, that she better not have lied about being a prospect for your house. It is common practice, it is legal, well ethical if she told you the truth, and no I wouldn't say she is trying to get a discount, mostly like she is going to try to convince you to list the house with her. |
|
tadopoly@sbcglobal.net
|
With a home listed on the MLS, as a Realtor we do get paid a commission for selling a home to ourselves. The seller has already made an offer to pay the 3% no matter who the buyer is. And it may be very true that her company requires that if that company writes the offer, that they must take a 3% commission. However, you are not required to pay anything you have not offered. As a FSBO you are not required to cooperate with Realtors. If you are offering to cooperate, it does not matter if she is buying for herself or not. If you are not offering a commission to a buyer's agent, then feel free to hold to your decision. If her company INSISTS she be paid the 3% commission, then she needs to quit looking at FSBO properties.
Regards,
Steve |
|
DarkHardwoood
|
In most states, a Realtor/broker has to inform the seller that he/she is a licensed Realtor/broker even if he/she looking to purchase a home for themselves.
You're a FSBO. Unless you have an agreement with the broker's firm to list your property, there is no commission to be earned. |
|
Kathleen M
|
If she is looking for herself there is no reason she should be charging any kind of commission. Tell her no you will not be paying it, however if she wants to buy the house and pay the commision to her company herself she is more than welcome to. Be very careful, once she gets her foot in the door she may "decide" she doesn't want the property, but has the perfect person in mind, and then she will charge a commission. I don't think it's ethical and not sure about legal (unless she can talk you into it) Good Luck |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 38 minutes(s) ago
| | | |
12 | 1 hour(s) ago
| | | |
12 | 6 hour(s) ago
| | | |
12 | 11 hour(s) ago
| | | |
12 | 2 day(s) ago
| | | |
12 | 3 day(s) ago
| | | |
12 | 2 week(s) ago
| | | |
12 | 3 week(s) ago
| | | |
12 | 2 month(s) ago
| | | |
12 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
