Don't Give The Bank Power Over Commissions
December 9, 2011 / /
http://shortsalepowerhour.com
Kevin and Fred discuss their love for helping other agents grow their business and commissions.
HOW TO CLOSE AT LEAST 3 DEALS IN THE NEXT 90 DAYS
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HOW TO CLOSE AT LEAST 3 DEALS IN YOUR NEXT 90 DAYS
Get instant access to our online masterclass to learn the simple steps.
About the Authors
Kevin Kauffman & Fred Weaver
Kevin and Fred the founders of Group 46:10. Over the last 10 years Kevin and Fred, and their team have closed tens of millions in real estate all over the country and have created some of the best training for agents in the market. Kevin and Fred are also highly sought after teachers whose work has helped agents all over the country build their own next level real estate business.
Great video gentlemen. Banks are already way overstepping their bounds trying to dictate so many terms of the contact for which they are not a principle to. Trying to tell two agents how the commission will be split is just insane. I love the 3.5/2.5 split and have been using it on my short sales for the past year or so. I get some push back from buyers agents every now and then but they are usually just happy that it is approved and ready to close, the ones that think you are being unfair have probably never done a listing side short sale in their life.
Thanks for the share Eric! Always good to hear from you 🙂
Very good blog. We actually use a 3.6/2.4 split and have rarely ever had any flack from the buyer’s agent. Most agents are just happy to have a closing. There are few cases where buyer’s agents send a compensation agreement with the offer that gives them 50%, but we never sign them. We typically ignore any commission split verbiage in short sale approval letters. I can’t remember a time where the servicer kicked back the final HUD over a commission split.