My wife and I are looking to buy a REO/Short Sale home in NJ. We have been told by some Real Estate brokers, that they will get paid from the bank we buy the property from, with no additional commision from us needed. While others never say anything about the bank paying them, but want to charge us a commision percentage of the sale.
What is common practice for buyers purchasing REO/Short Sale Forclosures.
Is it legal to charge a percentage ontop of the bank's commision?
Thank you
