Does anyone know the legal way (not using another agent) to get at least 5% or 6% for selling your own listing.

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Probably shouldn't even be having this discussion as it most likely violates Fair Trade practices.

Lenders have the right to determine what commission they'll pay for a short sale.  If you fail to disclose that you're representing both sides, there's a little thing called "fraud" that you might want to be aware of.  Take your 4 percent.

I was able to get 6% because the buyer did not have representation and I had him sign a customer aknowledgement form and submitted it with the contract. That being said, I've heard the approval of a full commission if there is only 1 agent on the deal depends on the servicing bank and whether it's a fannie or freddie loan or backed by another organization. Mine was  a freddie and i had no problems. Granted this was also a preapproved HAFA short sale through BOA and they had approved 6% commission before the buyer came along. You can't represent both sides .. so you have to have the buyer sign a form saying he is NOT represented and that you are only performing ministerial acts (providing the forms, etc). But I was never sure it would get approved but it did.

The best way to handle it is have your brokers license one side of the transaction.  

really? 4% is not enough?  I thought our fiduciary duty was to our clients not to our own pocket book?



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