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Old 04-25-2011, 04:53 PM
1 posts, read 769 times
Reputation: 10


Hello all - I'm interested in a couple of foreclosures or short sales in the Falcon Heights/Lauterdale/St. Paul neighborhoods close to the UMN St. Paul campus. We're moving to the area and have received several recommendations for real estate agents from friends and family, but no recommendations for agents with significant experience in short sales or foreclosures. Any suggestions appreciated!
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Old 04-30-2011, 03:26 PM
Location: Twin Cities, MN
164 posts, read 482,108 times
Reputation: 166
Default All the major real estate companies do this...

Originally Posted by notveryhappy View Post
Whatever you do, make sure you understand the buyer agent agreement. If you go with Coldwell Banker Burnet Realty, they will hit you with an extra fee above the commission they will recieve from the seller. Make sure the agent tells you that even if a commissioin is paid by the seller, you will still have to pay an additional fixed amount. It isn't a small amount either. Plan on an extra $395 - $450. They will try to gloss over it and then you will be stuck. DO NOT AGREE to this extra fee. I wish it had been explained to me but it wasn't. In my experience, Coldwell Banker Burnet Realty in Minnesota only wants to make sure buyers and sellers pay for the fallen real estate market which reduced the commissions they were used to making when real estate prices were absurd. STAY AWAY!
...but that doesn't make it right, especially if the client feels they have been "tricked."

As an independent brokerage, I pride myself on not charging these junk fees.
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