Short Sale Myth #4…..

Banks will not pay commission to the Real Estate Broker &/or the costs of listing a property with an agent will be passed on to me

The real estate agent’s professional fee is taken out of the banks proceeds at close of escrow. Banks will dictate how much the agent(s) will receive and will not pass the costs of listing the property with an agent onto the homeowner, but most banks will not pay an agent’s commission if they are representing themselves as the buyer.

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