Who do you think pays the realtor?

[TamiSpartan]

Tami,

Glad to meet you.

I am certainly glad you are not taking any of this seriously, I know I am not.

John $Cash$ Locke

John very nice to meet  you as well!

I know people are passionate about their side, so I read, learn and enjoy.

Have a great day all

[NoMoneyDown]

bobo -

Spot-on.  In this scenario, we could get really technical and say neither the buyer nor the seller is paying - the buyer's lender is paying (like I said earlier).

[$Cash$]

Stephen,

Then technically speaking who is responsible for the lenders loan on the purchase the buyer or the seller?

So then the seller pays the commission out of funds from the buyers lender.  Looks like the buyer is still responsible for the loan as the seller has no committment to the lender, however the buyer does and at this point it is really the buyers money as he is the one who borrowed it and has to repay it.

In your scenario the lender is giving away the money with no one having any responsibilty for the loan, sounds like Dorean all over again.

John $Cash$ Locke

[NoMoneyDown]

John,

True, very true.

[niravmd]

i dont think that the HUD-1 shows where everything is coming & going in a way that makes sense to average people.

for example what about the POC and YSP. does it say the mrtg broker screwed the buyer and got
a kickback from the lender. NO IT JOLLY WELL DOESN"T.

does this mean i'm against all mrtg brokers just coz i don't like to see a POC or YSP on my HUD-1?