So each party is still getting approved for the loan? What if one is paid off, is it sold at what the new buyer can afford to make the deal work or at appraisal value?
If the property is listed, the selling office commission is part of the listing contract. If it's not actually listed, then as part of any offer it's set up to pay a percentage of the commission to the selling office, or there can be a commission ag…
I also received notice that a Codie Morales" had added a comment on my profile but I could not find it.So, Codie, if you are still out there, try again.
Hi DeAnn,
I notice you've joined the DomuSwap group and have a question regarding being paid. I assume you're inquiring about, if you were to put an exchange together via DomuSwap, how would you be paid, correct? Exchanges frequently work on a YKYIKM commission principal (You keep yours, I keep mine). Other fee arrangements can be worked out, and are best done up front, e.g., if you recognize that you'll experience greater expense, then it is only fair that your compensated greater. If you provide two legs to a three leg deal, you should receive two legs of the commission and so on. Good wishes for a happy holiday season.