- Mar 31, 2008
It does remove quite a bit, but not "all." Removing all would likely mean giving the lender only ten days to reply, and not allowing commission to be a negotiable tool. The brokerage is paid by the seller, not the lender, so the lender shouldn't have a say in that.
Maybe we could get the MLS rules changed to make the Seller come up with the commission instead of the lender. That should remove the leverage that the Sellers are exerting on the Lenders. Do you think we can force the Sellers to do anything?