Keith Paulsen
  • Carmichael, CA
  • United States
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Keith Paulsen's Discussions

Can an agent purchasing a short sale property get paid a commission?

Started this discussion. Last reply by Ernie Dill Nov 22, 2012. 25 Replies

The property is listed with another real estate company and I am a licensed broker (and also a licensed contractor).  I am planning to submit an offer to purchase it above market price, do an…Continue

Tags: buyer, commission, investor

Bank of America adds new fields to Equator

Started this discussion. Last reply by BofA Negotiator Mar 22, 2011. 13 Replies

New fields will be required when initiating short sales in Equator. Agents should be prepared to provide the following information regarding the loan and the homeowner's situation:Loan NumberNew:…Continue

What Trustee Company does OneWest Bank use?

Started this discussion. Last reply by ZUBARIA LATIF Mar 1, 2011. 1 Reply

A lot of the lenders or those servicing the loans in California use Recontrust Company located in Simi Valley, California as the Trustee/foreclosure company. I have a commercial property that I am…Continue

Will BofA Negotiate or Pretty Cut & Dry

Started this discussion. Last reply by Joseph C. Alfe Mar 22, 2011. 8 Replies

I listed the house at $229K and received/accepted an offer at $190K.BPO comes back at $220K.  I met the BPO agent with comps and pictures ( which I emailed to her later that day) but she flew through…Continue

Tags: offer, counter, counter-offer, negotiations, Negotiators

 

Keith Paulsen's Page

Latest Activity

Vanessa Calhoun and Keith Paulsen are now friends
Jan 8, 2013
Ernie Dill replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"Mebbe be lookin' for another Broker?  (;->>"
Nov 22, 2012
Keith Paulsen replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"Wow. Thanks everyone for your input and all of the different approaches or mindsets. I should have stated that I am a broker in a single person office so I can't have an agent represent me. That would have helped out on a couple of the…"
Nov 21, 2012
wayne brooks replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"Can't completely agree. The listing agreement and purchase contract are subject to lender approval, period."
Nov 21, 2012
Sharon Molnar replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"I had one with BOA and they would not allow the agent/buyer to do this. He had is broker sign the contract. His broker gave him the commission. "
Nov 21, 2012
Pat Perrotta replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"I agree, but our attorney said it has to be disclosed.  I had never put it on the HUD, but the bank has to approve the commission split according to our attorney and our broker."
Nov 21, 2012
Ernie Dill replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"Agreed and well put.  And again, you need only represent your agent purchasing for his or her own account, nominally.  They handle the transaction entirely.  As far as the entity, where the agent is representing her own entity, the…"
Nov 21, 2012
Dan Howard replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"I believe serveral here are missing the point of the question. If you allow your broker to act as your agent in fact, any commission received would fall under your Independent Agent Agreement. If your split was X, and the property closed, your…"
Nov 21, 2012
Kenneth Kulpa replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"Pete has your back!  Good answer."
Nov 21, 2012
Ernie Dill replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"Have NEVER had them not play.  They PAY the commission if you have another agent represent you, have your Broker represent you, or form an entity and represent the entity.  Representation can be nominal, in name only.  You have the…"
Nov 21, 2012
Ernie Dill replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"I've never put a referral fee to another agent on the HUD.  Real Estate commissions are not split typically until wire hits broker's account.  When an agent from another area refers a buyer moving to your locale, surely you do…"
Nov 21, 2012
Cyndi Carver replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"I have closed many transactions that brokers were the buyer and have not had any issues with them getting the commission. It really has to do with whether that commission is biting into what the lien holder would like to net."
Nov 21, 2012
Pat Perrotta replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"I agree that it is stupid, but if you don't play the bank's game by their rules, they can refuse to play at all."
Nov 21, 2012
Pat Perrotta replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"I used to sell short sales for other agent and pay a referral fee, but I was told by our attorney we can't do that, as it has to be on the HUD for the bank to approve.  They won't approve it if it's on the HUD.  I'm…"
Nov 21, 2012
Liane Thomas replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"When I buy a short sale, I ask another agent to represent me, I pay her a referral fee, and I disclose on the contrac that the buyer is licensed realtor. I have never NOT been paid. By contrast, I had a realtor/buyer on a short sale of mine, after 4…"
Nov 21, 2012
Ernie Dill replied to Keith Paulsen's discussion Can an agent purchasing a short sale property get paid a commission?
"I'm always amazed by Q+A assuming that a particular practice, in this case payment of a commission to an agent representing him or herself, is not "allowable."  The first question to ask oneself is "Why not?" Is…"
Nov 21, 2012

Profile Information

Occupation
Real Estate Broker
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Northern California, Sacramento, Carmichael, Arden, Fair Oaks, Roseville, Rocklin, Auburn, Meadow Vista, Lincoln, Granite Bay, Natomas, Hawaii, Maui, Lahaina, Kihei, Kapalua
Short Sale Transactions Completed
0-5
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?
No
About Me/Profile of yourself: - Please add your Brokerage Company name also!
Broker for Sacramento Valley Real Estate for 20 years.
Licensed real estate salesperson for 24 years.
Also operated All-Star Mortgage for 5 years.
Residential developer. Built over 120 homes in infill properties. Licensed contractor.
Put in todays date! This is to help stop spammers!
February 10, 2011
PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
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At 6:29pm on March 11, 2011, VICTORIA BRAVO gave Keith Paulsen a gift
 
 
 


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