Just waated to let MASS MLSPIN realtors know ....I learned today that Multiple Listing Services in Mass (MLSPIN) no longer allows the wording subj. to 3rd party approval on commission, conditions and terms.
They state that if you offer a specific amount on the comssiion section then that is what the other agent gets paid. So, if you offer3 % to buyer agent and the demand letter only pays out 2.5 then you take the hit on your commission. Apparently, this was created becasue of a past law suit.
The one loop hole, you can just say that the commision is 50/50 based on net sale.
Has anyone heard of this in mass or other states?