In NC,can loan officer turn down loan B/c he does not like realestate agent representing person/entity appling
My boyfriend is a realestate agent. His sister is a doctor and wants to purchase some land that will give him a commision of approx. 40K. His sister does not want him to have it b/c, she does not want anyone else in the family to have money but her. So she told him that she could not use him in the closing and he would not be able to get the commision because the loan officer will not give her the loan if she uses him as the real estate agent. He has recommended a friend of his(loan officer) that she should use.From the origination of this sale, my boyfriend has handled all paper work, faxing, calling,setting up meeting, appraising, etc (fall 2005), now she is saying this. The closing date is scheduled for Apr.2006 We dont believe her. We live in Raleigh, NC. Please help us.
Tough call. If your boyfriend can document everything, he can sue her for the commission amount.
But…
There is ONE CRUCIAL document that will make it really easy for him. If the sister signed a buyer’s representation agreement, it’s a slam dunk for your brother. If you don’t have this document, dig in your heels and get ready for a court battle.
Bottom line is if your boyfriend can prove everything he did, he’ll likely get compensation. But it’ll take a court order to get it.
Good luck.
February 5th, 2010 at 3:22 pm
Tough call. If your boyfriend can document everything, he can sue her for the commission amount.
But…
There is ONE CRUCIAL document that will make it really easy for him. If the sister signed a buyer’s representation agreement, it’s a slam dunk for your brother. If you don’t have this document, dig in your heels and get ready for a court battle.
Bottom line is if your boyfriend can prove everything he did, he’ll likely get compensation. But it’ll take a court order to get it.
Good luck.
References :
February 5th, 2010 at 3:27 pm
Sounds like serious family issues that need mediation/therapy. My mother would be in tears over this bitterness. Hopefully these siblings can reconcile. It might not hurt for your boyfriend to offer a handsome gift in exchange for the $40G’s to show his appreciation.
References :