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johnhoefer
429 Posts |
 Posted - 02/04/2008 : 3:31:11 PM
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| Can a broker for a commercial property broker the sale of the property and secure the new financing? Or are the rules similar to residential. Haven't been able to figure it out. |
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Matt W.
1866 Posts |
Posted - 02/04/2008 : 4:59:31 PM
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| No, RESPA has nothing to do with commercial. I am not an attorney so check your local / state rules and regs. |
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dkendall1979
9487 Posts |
Posted - 02/04/2008 : 5:01:38 PM
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A broker can own the property, be the sales agent, broker the loan for the new buyer, and be the insurance agent.
Answer: Yes, the sales broker can be the financing broker. |
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mortgagemessiah
8003 Posts |
Posted - 02/04/2008 : 5:05:06 PM
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| yes |
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