"Well I have had 2 with them both horrible messes. Both were initiated a year ago with offers, despite my best efforts, the sellers attentiveness and immediate response for requests for information, we just got approval letters for both in August.…"
"We just closed on a SS deal with Suntrust and yes, they only pay 3% if you do dual agency. Next time you can simply have another agent represent and pay them a 25% referral. Good luck fighting this one though."
Just got an acceptance letter on a Suntrust short sale that was initiated in September of 2009. We listed at 6 % with a clause to go to 5% if dual agency (per the Suntrust Short Sale instructions to agents.) I ended up dual agent on the property and brought a cash buyer that offered at $310,000. Appriasal /BPO came in at $260,000. Suntrust is now telling me at this late stage in the game that for dual agency they will only pay a total of 3%, that is their policy no exceptions!! Today,…See More
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
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July 13, 2010
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