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Buyer's Agent Fee Cannot Be Financed
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Buyer's Agent Fee Cannot Be Financed Montrose 04-02-2006
Posted by Montrose on April 2, 2006, 10:12 am
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> (Only because lending arcana leaves no way to directly
> finance the buyer agent's fee, at this point.)

Buyer's agent's fees can't be financed? Please explain. That sounds like a
major problem. How then do you deal with a FSBO that you find a home?

--
Thank you,

Montrose

Posted by Jay Reifert on April 3, 2006, 9:32 am
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>
>
>> (Only because lending arcana leaves no way to directly
>> finance the buyer agent's fee, at this point.)
>
> Buyer's agent's fees can't be financed? Please explain. That sounds like a
> major problem. How then do you deal with a FSBO that you find a home?
>
> --
> Thank you,
>
> Montrose



Posted by Jay Reifert on April 3, 2006, 9:32 am
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Notice the word, "directly". Buyer agent fees can be financed,
indirectly, using language in negotiations between the buyer
and seller to achieve that result.

However, absent that language in the offer, the buyer agency
fee is not directly, independently, financeable.

In other words, the buyer cannot merely say to the lender, I
want my agent to be paid by you adding in "x" percentage
to my loan.

The day will most likely come--when buyer side and seller side
fees are de-linked--when that will change, but, for now, buyer
agent fees are not directly, independently financeable.

Jay Reifert -- Fitchburg/Madison ****** http://www.real-reform.org
http://profiles.yahoo.com/jay_reifert ** http://www.true-agent.com
http://www.madison-real-estate.com

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Montrose wrote:
>
>> (Only because lending arcana leaves no way to directly
>> finance the buyer agent's fee, at this point.)
>
> Buyer's agent's fees can't be financed? Please explain. That sounds
> like a major problem. How then do you deal with a FSBO that you find
> a home?



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