Question removed

Asked by Buyers House Realty, Texas Tue Feb 17, 2009

This question was removed by its author.

Answers

5
T.E. & Naima…, Agent, Dallas, TX
Wed Feb 18, 2009
Are you asking the question because you are vague about the answer or did you mean to post this as a blog?

Naima
2 votes
Emily Erekuff, Home Owner, Menifee, CA
Thu Feb 19, 2009
Hi Gavin,

Naima brings up a great point. Our Community Guidelines mandate that posts be added to our site in the correct format and since this really isn't a question it thus isn't appropriate in the Q&A section of Trulia Voices. This would make a great blog post however.

If you meant to ask a question, please clarify what information you are seeking. Otherwise, please remove this post and re-post this content as a blog. Blogging on Trulia is extremely easy and it's a snap to add links, photos or even YouTube videos.

Thank you,

Emily Gibson
Community Moderator
0 votes
Jackie Rankin, Agent, Fort Worth, TX
Wed Feb 18, 2009
Yes, it is legal. Bruce hit the nail on the head when he talked about it's use for a down payment. The buyer still has to come up with their own money for their down payment, but the Realtor can provide a Rebate and disclose it on the HUD.
0 votes
Bruce Lynn, Agent, Coppell, TX
Wed Feb 18, 2009
Yes. If they are a principal in the transaction. It should be disclosed on the HUD in my opinion and probably agreed upon by the lendor if obtaining a loan. I would think most lenders would frown upon for example a 6% builder commission, then used to give the buyer a down payment of 3.5% and 2.5% selling commisssion to the realtor to avoid down payment requirements.
Web Reference:  http://www.teamlynn.com
0 votes
, ,
Tue Feb 17, 2009
I believe that it only needs to be properly disclosed.
But I am mostly commenting to follow this topic.
;-)
0 votes
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