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Broker Agreement All Locations : Nationwide Real Estate Advice

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Fri Mar 29, 2013
Keith Jean-Pierre answered:
Dear John:

It all depends on the situation. If you had a fully executed contract without a change to the agreement, they can not decrease the commission, unless it was a short sale that the bank is reducing the commission. Unfortunately since I do not know the full story, I can not give you a yes or no in this case. If you can provide more information I would be happy to point you in the right direction. Also I would suggest they speak with an attorney or their broker to get a clearer picture. ... more
0 votes 3 answers Share Flag
Thu Mar 28, 2013
Todd Foust answered:
Yes. Just be prepared that the lender was referred by the REALTOR so they most likely will let them know you are working with somebody else. Might want to talk to the old REALTOR first before making the switch. Just a good courtesy. ... more
0 votes 6 answers Share Flag
Mon Apr 1, 2013
Matt Laricy answered:
Wed Jul 2, 2014
Christopher Block answered:

It is quite possible the agreement could have been for a year. I know some agents that will do standard 3 or 6 month agreements. Some like to have every one go till December 31st for simplicity sake.

The reason why realtors are sometimes loose on the length is because exactly what you said. It just is not good business to try to hold a buyer to an agreement they don't want to be a part of. This is a customer service biz, and in truth the realtor did not contact you for 6 months. I contact people at least every 2 month's that is in your situation, because guess what I would like to still have your business! You feel good with the other realtor AND THAT IS JUST FINE!

There is a legal side of things when it comes to procurement. Bottom line? Everything you said in the question makes sense to me. If you feel this current realtor deserves your business then just tell prior realtor about the situation. If the contract is still current request a cancellation (and request a copy of the contract too). That way you can provide it to your new realtor and move on.

I like to think the majority of realtors out there will understand and do what is best for YOU. Hopefully this guy or his broker does not make a mess of things. Just remember at the end of the day we realtors are here to serve the customer. If you are happy with your current situation then that is how it should stay.

Hope this helps!

Chris Block
Realtor North/NE Suburbs
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0 votes 22 answers Share Flag
Wed Mar 27, 2013
Dallas Texas answered:
1. Write in special provisions of the sales agreement
a. utilities be on through close date.
b. Have all receipts furnished at closing

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111 100's of Dallas homes listed for sale or lease

Follow me on Facebook
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0 votes 5 answers Share Flag
Thu Mar 28, 2013
Nicolas Romo answered:
Eventually, you'll either receive a notice in the mail from the bank or a flyer from a real estate agent and/or someone will knock on your door offering foreclosure help. If you want to find out sooner, go to your local title company and ask if they can run a title profile report on your rental. In most cases, the title profile report will show if there is any foreclosure activity.

Nicolas Romo
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0 votes 8 answers Share Flag
Wed Mar 27, 2013
Keith Jean-Pierre answered:
From my understanding, since the offer was never accepted, you do not have a formal contract. It might get messy with some choice words, but legally if you do not have money exchanged and a fully executed contract then you are in the clear. If you need further clarification, I would suggest you consult with an attorney. ... more
0 votes 6 answers Share Flag
Fri May 31, 2013
Simir Shah answered:
Have your attorney send a letter with a deadline and if they do not respond send a mutual cancellation letter and stick you house back on the market. Are you using a realtor?
0 votes 12 answers Share Flag
Mon Apr 8, 2013
Deborah Madey answered:
Some of the legal proceedings on foreclosure cases are public. You can research the status of a case to find out if a complaint if filed, if a judgement is issued, or if a sale date is scheduled. You will not have access to mediation meetings, documents pertaining to loan modifications,, etc. As a tenant, you will be able to find out if there is a judgement and/or a sale date.

Here's an overview of the foreclosure process

Here is a link for renters who may hold leases on properties which are being foreclosed.
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Mon Mar 25, 2013
Cindy Davis answered:
The offer is only valid when you acknowledge the seller's acceptance in writing. Even then, you have a 17 day inspection period during which you can cancel.
0 votes 12 answers Share Flag
Wed Mar 27, 2013
James Ponzi answered:
Hi Phung Nguyen,

It has to be disclosed on the HUD-1 Settlement Statement at the closing. The lender should be aware of this prior to closing so they can approve it also.
0 votes 7 answers Share Flag
Mon Mar 25, 2013
Julie Montgomery answered:
Under contract when a "normal" home sale is under contract. Pending is when a bank-owned home is under contract, waiting for bank approval. Julie Montgomery, Greenwood Village, ... more
0 votes 18 answers Share Flag
Mon Mar 25, 2013
Edith Karoline Jasser answered:
Not knowing the details of any sales contract or listing agreement we cannot really comment.
Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
Check out my website at htttp://
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)
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0 votes 2 answers Share Flag
Mon Mar 25, 2013
Marge Bennett answered:
Is it a condo? If so and you are within the rescission period 3 days for resales, then the answer is yes. For new construction it is longer
0 votes 4 answers Share Flag
Tue Mar 26, 2013
Don Tepper answered:
Read the buyer's/renter's agreement with the agent.

The answer--contained for certain in the agreement--is "probably yes."

You say there was never an executed lease. OK. So? Read the signed agreement to see what the proposed tenant agreed to.

The question isn't (here) whether there was a "deal" in the form of a lease. The question is whether there was a "deal" in the form of an agreement where the real estate agent was owed money if he/she performed certain services.
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0 votes 7 answers Share Flag
Mon Jul 11, 2016
April Tavares answered:
Hi Jesse,

Great question. There are many factors to consider to answer it. The cost of staging varies based on the number of rooms you are staging, whether or not you are bringing in all the furniture and accessories or using a mix of both your own items along with items brought in by the stager. The size of your home is also another factor influencing the overall cost.

Realtor, DRE License #01742179
Montalvo Realty
408-309-5471 (direct)
408-867-7272 (office)
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0 votes 29 answers Share Flag
Sun Mar 24, 2013
My NC Homes Team answered:
What is your question. If the loan is conventional (20% down) why would you be asking for down payment assistance? This is typically for those buying a property using an FHA loan? Remember there is no free lunch, if a seller is going to contribute to a buyers closing costs, they simply add it on to their bottom line selling price. ... more
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Sun Mar 24, 2013
Craig Zappin answered:
Sun Mar 24, 2013
Gabe Davidson answered:
It depends on the terms of your specific contract, which your Realtor should answer for you. Generally speaking, no, your deposit is not in jeopardy until after you have removed all contingencies. Please do not see this response as legal or contractual advice as I am not representing you in this situation. Again, always best to ask your representative... which would be your Realtor.

Gabe Davidson
... more
0 votes 7 answers Share Flag
Fri May 13, 2016
Joetta Fort answered:
We're actually not supposed to discuss commission as an 'average', by law. I guess the powers-that-be don't want the public to get the idea that there is a standard fee, so you won't feel like you're stuck paying that amount, when maybe you could have actually paid less.

You should find agents that work in your area regularly and ask them individually what their fees are, and what service they provide for those fees.
... more
0 votes 31 answers Share Flag
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