Posted by Ed Copp (OH) on June 25, 2001 at 11:39:59:
Why should they. The bank has just hired the broker to sell the property, you want to buy the property (with no commission)… So you can list it for a higher price (harder to sell) and put the first commission (that the agent gave up) in your pocket.
It is not beyond the relm of possibility that you will overprice your listing with the agent, then the listing will expire and the agent will not get paid (once again), and you will have the house purchased from the bank (less the commission). Somehow I do not think so…
Your solution is to be the agent. This is easier said than done. I see a lot of postings made by folks who most likely could not pass the test that is required to be licensed.