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| I bought a home with my sister and I want to sell the home now. We've owned it for almost 5 years. My sister is half owner also and she is not motivated to sell the home because her down payment ... |
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| we have a mortgage and are thinking of moving soon, but how much do the mortgage lenders let you borrow, is it 3 or 4 times your anual wage (uk)... |
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 Tenants Refusing To Pay Rent =/? |
| My friend’s mom is renting to this couple who have a kid. They wrote a letter stating that they're withholding the rent money b/c supposedly there's "black mold" in the bathroom ... |
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 Can I drop the offer I've made on a property? |
if we've agreed 150k and my lender is giving me say 95% mtg 142500. Can I then offer say 140k.
PS the mtg has been agreed in writing with valuation of property completed etc.... |
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| i am late with my rent and my apartment manager says she is going to lock me out by way of changing my deadbolt she has not served me with any court date and does not let me know where i can get a ... |
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| ok. So im interested in purchasing this house for a very small amount of money and in exchange pay off the owners back taxes on the property and about 8 grand worth of liens from the city. (for not ... |
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 Landlord - renters are 40 days overdue on rent.? |
I am a new landlord, and unfortunately live 3000 miles from the house I am renting.
My renters have been late everymonth since I have rented to them. At first it was only a few days, ... |
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| How to get money back? |
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 Can a prospective Landlord keep a deposit? |
| Can a prospective landlord keep a deposit ($500) used to secure an apartment, if the prospective tenant changes his mind about wanting to rent the apartment (in Ohio)? No lease was signed, only an ... |
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number 1- is a big white farm house in the country new roof 1010 sq feet good circuit breaker with new gas stove in kitchen and nice carpet just needs some cleaning
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Ella J | Realtor commission - Buyer wants cash/cut from me!? |
Hi: I am a newer realtor. I had a very demanding client above the normal. They purchased a bank repo for $285K in Southern CA which charged $100 per diem if late on COE date. The broker and I sat down and explained the entire contract with them and they signed.
The lender was six days late getting the funding. He did give them discounts for his mistake. The lender told me this, not the client. Now they are trying to get money out of me too!
Now, the buyers want me to pay out my commissions $600 to them. My commission was about $4,500 before taxes and expenses..ie gas, realtor fees, time.
Do I just right a check to make them go away? Give them a gift card to a home improvement store for $300? Ask my broker to pay a share? What is the right thing to do? I am worried if I give in them will keep coming back for more.
Any advice? My broker pretty much said too bad for them! |
 |
 
Landlord
|
This closed already?
They were looking at you to protect their interest. You failed. Now they want compensation for your failure.
I would pay it and remain "the good realtor" otherwise you are the "lazy thieving agent".
Your reputation is not off to a good start. |
|
Stacy
 |
Expert Realtor is right. Don't give him the money! It's not that you don't want to make it better but you'll only make it worse if you give him cash.
Good Luck! |
|
Real Estate Guy
 |
Since the lender paid them 600, you owe them nothing.
However, even if the lender HADN"T paid them 600, you still don't owe them.
It was the lender that controlled the loan, NOT THE AGENT.
The buyer is out of line and if you give them anything, it will not be enough to make them happy. |
|
Elsie
 |
While I don't agree with your broker's attitude, I would say they are right, especially since the lender already gave them discounts to accommodate for the additonal fees. If possible, get a written statement from the bank that shows how much the bank would have charged and how much the discount was. If it's still less than the $600 the buyer had to pay, then explain that they need to take this up with the bank that was late. Gently remind them that this was not anything that you had any control over, and therefore you don't feel it's fair that they are asking you to make up for the error on the part of the bank.
If the paperwork from the bank does show they they discounted the amount at least $600, then this should appease the buyer. If not, then you have to just chalk this customer up as one that's never going to be happy until they get it THEIR way, whether it's fair or not. |
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estielmo
|
Why would you owe them money if you were not responsible? Their complaint, if any, is with the lender, not you. =
As a new realtor why do you listen to the client, rather than your supervisor? |
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Two peas in a pod
 |
Tell the buyer that the lender said they will handle it.He will know they already did. If he asks again, call him in and point it out on his closing statement. |
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RedPersianKitty
|
Landlord is way off this time. I agree with most of what Expert Realtor has to say. |
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Lisa L
|
Sorry, Landlord. You are way off on this one. She did nothing wrong, she can't control the lender. Why would you recommend she now do something illegal that could cost her her license? |
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Jeff Colon
|
The lender gave them a discount for there error. You should
give them any money. |
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Expert Realtor
|
First of all, once the house is closed, you cannot pay them anything because that is against RESPA and not only is it a felony but you could lose your license for it.
#1 rule in real estate: ALL money exchanged MUST appear on the HUD....that is federally regulated by RESPA.
Even if you recommended the lender, he was not forced to go with his lender...if his lender was late and your client got "dinged" that falls under the catagory of "too bad".
You did nothing wrong as a Realtor. The error rests with the lender and it sounds like your client was compensated.
I would stop returning his calls. Do not give him a check (I'm serious, this is a HUGE deal with the Real Estate Commission).
If he threatens to sue or file a complaint...let him...just because he files doesn't mean he's right. |
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