I encounter a lot of blow back from realtors about a Mortgage Broker assisting consumers in taking advantage of this massive savings! I juss when the tables are turned, seems what's good for the Goose.... is Not so good for the Gander?
EXACTLY the same as realtors do when they refer buyers to lenders for their best loan terms, as a Mortgage Broker, I do the same for my borrowers by referring them to realtors who offer the best savings of otherwise Forfeited Equity in realtor commission points.
Cut, paste and send this GFB to any Buyer's Agent to see if they're willing to beat it or at least come close to matching it, in order to earn your business!
FLORIDA REALTOR GFB (Good Faith Bid)Est. Purchase Price: $1,000,000Est. Buyer’s Agent credit to Buyer = $20,000Buyer Requests Credit to be applied towards: (choose 5 items)_X__ Closing Costs - $13,000
_X__ Attorney Representation for Buyer -$2,000
_X__ Rate Reduction to desired rate of: ________% - $4,000
___ Home Depot, Lowes, Best Buy Gift Card
_X__ Home Warranty -$1000
___ Home Improvement / Repairs
___ Debt payoff
___ Moving Company
___ Other: Prior realtor for thier efforts-
CHOOSE FROM LIST BELOWpay towards down payment (on certain programs)
pay for the 1st full year of home ins.
pay for taxes and ins. escrows
pay for home repairs
pay off credit card debt and auto loans
pay off collections and judgments
pay to lower the sales price
pay for new furniture
pay to upgrade all new appliances
pay for home remodeling and additions
pay to have home painted
pay for weekly pool maintenance
pay for credit repair
pay for landscaping
pay for monthly lawn care
pay for new A/C system
…and/or even pay prior realtor for their efforts
NOTE: consumers should shop lenders and realtors for their Best Overall Deal
The Florida Real Estate Commission(FREC) Rule 61J2-10.028 (2) provides that a licensee may share brokerage compensation with a party to a transaction as long as full disclosure is given to all interested parties.
US Dept. of Justice Consumer Alert: Consumers Can Save Thousands of Dollars in Commissions
Contact me and I’ll introduce you to realtors who offer Buyer’s Agent Credit savings anywhere in FL.
Pro Option Mortgage
Ph: 888 662 4404
Prior Service U.S. Marine Corps