By Bob Corcoran, Corcoran Coaching

Fannie Mae has come out and actually put legislation in place instructing their servicers NOT to negotiate your commissions up to 6%. Here is the actual excerpt from their release:

No Negotiation of Pre-Foreclosure Sales Commission

Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers

Effective March 1, 2009, closing of pre-foreclosure sales may not be conditioned upon a reduction of the total commission to be paid to real estate agents to a level below what was negotiated by the listing agent with the borrower, unless the fee exceeds 6 percent of the sales price of the property in aggregate. Servicers are reminded that they must continue to obtain any approvals that may be required by interested third parties in connection with pre-foreclosure sales. Here is the original link.
(click on Miscellaneous Servicing Policy Changes) For more information on how to break into the Short Sale Market, go to www.CDPE.com and get certified today! Tell them Bob Corcoran sent you!

For more information on how to break into the Short Sale Market, go to and get certified today! Tell them Bob Corcoran sent you!

For more information on how to break into the Short Sale Market, go to and get certified today! Tell them Bob Corcoran sent you!

Corcoran Coaching, spearheaded by Nationally Acclaimed Real Estate Speaker and Coach Bob Corcoran teaches Real Estate Brokers, Real Estate Teams and Real Estate Agents how to create and implement cost effective real estate operational, business and sales systems that have a proven decade long track record of successfully driving their clients to their next level of sales productivity. Performance based coaching and accountability are the cornerstones of outstanding programs that teach real estate database management, lead generation capture and conversion systems, effective advertising along with lead capture, follow up and performance accountability. Isn’t it time you invested in yourself to be as successful and effective as the top producers. Success is just a phone call away. Call today at 1-800-957-8353 or email us at info@corcorancoaching.com. To get your FREE NO OBLIGATION CONSULTATION with one of our experienced professional success coaches, please follow the above link.