Real Estate Law
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Good morning. On short sales, the banks are typically taking a loss on the sale of the property, when agreeing to it. As such, they MAY not want to pay a commission to a realtor, who is also a buyer, who essentially would be buying the home for less then what is owed. Of course, this is at the discretion of the bank, not the other realtor, so unless the contract advises of this or you hear from the bank themselves, they would need to pay a commission. I do not necessarily think it is fishy, just that the other realtor does not want to proceed and then have an issue down the road, when the bank sees the buyer is also the realtor who is getting a commission, for themselves. After all, the purchase of the town home is to benefit you, not a 3rd party, so the bank may not want to pay you the commission for working for yourself.
I just wanted to follow up and see if you had any other questions or needed me to clarify something. I am here to help, so please let me know. Thanks!