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JoeLoomer
April 23, 2013 at 10:04 am
OUTSTANDING post, Melissa. On planet Joe, I’d tell the lender to go pound sand and not to call me before they do their due diligence on the property’s status as listed or not – a very, very simple thing to do in two minutes on a computer. Soliciting another agent’s listing or trying to parachute in on the commission is just despicable.
Navy Chief, Navy Pride
Aaron Dickinson
April 24, 2013 at 12:17 am
If an agent chooses option 3 they would most likely be found in violation of the Code of Ethics and potentially face issues with their state licensing regulator as well. Interference of a contract is a serious thing.
Some banks have been hurt by fraudulent short sales so I can see their interest in having someone “hand picked” to deal with the transaction. In a typical short sale, there is no one looking out for the bank’s interests yet they are the one taking the loss. If they choose not to work with a seller that doesn’t use their agent, that is certainly their choice. If they are going to make that demand however, they are the ones that need to communicate with the seller and the seller should contact the preferred agent, not the other way around.