Profile picture for cdiehlky

REO real estate agent commission on REO's without a buyers agent.

Does a real estate agent listing a bank owned property typically receive the full commission (vs. splitting with the buyer's agent) if no buyer's agent is involved? Or do they receive the same commission with or without a buyer's agent involved?
  • July 02 2010 - Florence
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Answers (5)

Profile picture for ABBAUSA
In the past you could receive both sides if your lender allowed it.

Intermediary is awkward at times, but with the correct disclosure you are probably are ok to pursue.

Good Luck!

James Callas - Realtor®
  • July 02 2010
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Now a days it seems REO agents only get 2% no matter what.
  • July 02 2010
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It depends on the seller, this will be spelled out in a listing contract.  Listing agreements with Banks, Loan Servicers, Corporate Sellers varies greatly.  I would think that a commission that stated a split between a listing broker and a co-operating broker would state if there is no co-broker what to do, but if it doesn't then technically the full commission is earned by the listing broker.  However, I've seen it both ways and it generally depends on the seller, since they usually send an agent listings in bulk, it is not in the best interest of the agent to collect the full commission on one listing and lose 10 potential future listing commissions.
  • July 02 2010
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Asset managers negotiate lower costs because of the volume.  They don't give one listing like a homeowner who may sell a home once every 7 - 10 years.  
  • July 08 2010
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It all depends how it is written.  I know one broker that gets 1%-1.5% for listing it and 2.5%-3% is offered to the coop broker with a clause that if the dual agency is taking place then the total commission paid is 3%.
  • July 09 2010
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