Re: Commission for Selling Multi Family Building?

Re: Commission for Selling Multi Family Building? by jannie (IL) on March 26, 2015 @09:50

I agree with G. We made the mistake of chosing someone that we had met previously at open houses and felt comfortable with. She basically didn't do much of anything. However, she and the agent represesnting the potential buyer agreed to cut their commissions when we had an offer that was way below the listed price. We came down some, but potential buyer didn't come up. I found out later that the the potential buyer was only approved for x amount of dollars which was below our price... was borrowing the down payment. I think we should have been told. Learned our lesson to interview brokers/agents.
We ended up renting the property again - that was nearly 3 years ago. If/when this tenant leaves we'll try to sell again - but will be wiser.

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Re: Commission for Selling Multi Family Building? by Anonymous on March 27, 2015 @00:30	[ Reply ]

You need to submit a written complaint of an ethical violation of an agent's fiduciary duty to you to the state real estate board and copy it to your local Realtor Association. We do not approve of this.

Re: Commission for Selling Multi Family Building? - Landlord Forum thread 332652