Can a real estate licensee act as a short sale negotiator?

There are strict requirements that a licensee must follow.  An Oregon real estate broker may handle a short sale if he or she does NOT charge any special fees related to the short sale, and that listing belongs to him or her.  If a licensee engages in short sale negotiations and charges a fee beyond a normal real estate commission, the licensee MUST be registered with Department of Consumer and Business Services (DCBS).  A real estate licensee negotiating the short sale for a portion of the commission is also not acceptable without a DMSP license.

Posted in: Realtors

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