Replies to This Discussion

Permalink Reply by Mark Smith CDPE SFR on March 2, 2012 at 2:27pm

Has anyone ever paid a termination fee to you?  Maybe you should threaten back with a mechanics lien.

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Permalink Reply by Wendy Smith on March 2, 2012 at 2:35pm

yes, I have been paid.  I'm not sure I'm allowed to file a mechanics lien in FL for a termination fee.  Maybe, it's a termination fee, not a commission.  I dunno but I suspect it would take more time than it's worth.

She knows she cheated me.  Whether or not she admits really doesn't matter.   Karma knows.

 

 

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Permalink Reply by Mark Smith CDPE SFR on March 2, 2012 at 2:49pm

No one said you have to file the lien, if they have the money just the thought of a cloud on title might help them make a good decision.  Your still negotiating aren't you?  Make them do the leg work to see if your owed the money.  I would utilize your leverage.

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Permalink Reply by Michael Hayley on March 2, 2012 at 2:34pm

This thread has been really valuable. It stimulates thought on how I/we get compensated and how to offer some incentives in the process to improve our closing ratios. I'm grateful for this forum. 

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Permalink Reply by Paul Antonelli on March 3, 2012 at 6:44pm

  Thank you to all that responded. I really can't believe the response I got on this and how much emotion the agents have about this. I just wanted to follow up on what happened to me this week. I have never charged the buyer or buyers agent any fees, ever. For the last 2 years I have been doing the 60/40 split and pray the file won't take more than 10 hours.

Out of 3 that I closed last week. Two of the buyers agents asked the title company to verify that the commission was correct at the closing table with their buyers. One agent, whom I know, called me personally on it. I told him it was noted on the MLS since day one. But still wanted to know if I could do anything. If I was the broker I may have but at this time it is out of my control.

I just thought it was interesting to have that happen after I posted this question on the board.

Have a Great Week everyone 

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