HUD Commission (5%, agent, investment, broker) - Real Estate -Brokers, appraisals, development, lease, investing, relocation, apartments, houses, condos, values, mortgages, loans... - City-Data Forum

lazyy · 02-11-2010, 08:44 AM

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!

Chuckity · 02-11-2010, 08:58 AM

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.)

malikhclark · 03-25-2010, 10:36 AM

if a HUD home costs $100, then 5% is only a $5 commission. is there a minimum commission for a HUD home?

City Love · 03-25-2010, 12:49 PM

Quote:

Originally Posted by malikhclark

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.

nsumner · 03-25-2010, 09:40 PM

Quote:

Originally Posted by malikhclark

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