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Old 02-11-2010, 08:44 AM
 
20 posts, read 21,900 times
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Default HUD Commission

Please verify if I have correct info. HUD allows up to 5% commission to buying agent. Therefor I can ask my agent to take a paycut, getting only 3%. Thanks!
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Old 02-11-2010, 08:58 AM
 
3,485 posts, read 4,437,324 times
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You can ask whatever you'd like.

Whether or not your agent will agree, is up to them and their broker.

(And yes, HUD pays up to 5% but their acceptance is based off their net.)
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Old 03-25-2010, 10:36 AM
 
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if a HUD home costs $100, then 5% is only a $5 commission. is there a minimum commission for a HUD home?
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Old 03-25-2010, 12:49 PM
 
Location: Houston area
1,408 posts, read 2,220,693 times
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Quote:
Originally Posted by malikhclark View Post
if a HUD home costs $100, then 5% is only a $5 commission. is there a minimum commission for a HUD home?
Where are you going to find a home for $100? Unless you meant $100k, and $5k commission.
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Old 03-25-2010, 09:40 PM
 
Location: Dallas/Fort Worth, Texas
3,941 posts, read 9,004,320 times
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Quote:
Originally Posted by malikhclark View Post
if a HUD home costs $100, then 5% is only a $5 commission. is there a minimum commission for a HUD home?
Hud pays a minimum of $500.

Yes you can ask your agent to reduce their commission, they offer up to 5% but as others have said, they base their decision on the NET of the contract and they also base their decision if the home is going to be owner occupied or investment.

Naima
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