4,457,314
20 + years ago I had a broker whose funds were being played with... I went to the bank where the check was written on and in those days 10 dollars would secure that I got paid... then I followed up with a face to face conversation with the Broker if this happened again we would have different issues... keep in mind I was young and just left the Army as an Airborne/Ranger/Infantry guy:)))Endre
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Debbie Reynolds, C21 P...
Clarksville, TN
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Margaret Rome Baltimor...
Pikesville, MD
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Debe Maxwell, CRS
Charlotte, NC
352,976
No never, but our checks come from an Escrow account so unlikely that would happen.
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Debbie Reynolds, C21 P...
Clarksville, TN
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Michael Thacker - Re/M...
Louisville, KY
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Debe Maxwell, CRS
Charlotte, NC
150,416
Wow, and wow!
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Debbie Reynolds, C21 P...
Clarksville, TN
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Michael Jacobs
Pasadena, CA
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
3,854,909
Thank goodness...no! Please keep us posted.
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Debbie Reynolds, C21 P...
Clarksville, TN
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Endre Barath, Jr.
Beverly Hills, CA
5,230,113
No, our checks come from the Closing attorneys - if one bounces, there would have to be a pretty big issue. Let us know how it turns out, Debbie.
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Debbie Reynolds, C21 P...
Clarksville, TN
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Michael Jacobs
Pasadena, CA
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Michael Thacker - Re/M...
Louisville, KY
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Endre Barath, Jr.
Beverly Hills, CA
5,772,575
No! Yikes! I would be on the phone to find out what happened. A
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Debbie Reynolds, C21 P...
Clarksville, TN
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
1,197,152
No, ouch and oops at the same time.
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Debbie Reynolds, C21 P...
Clarksville, TN
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
2,436,099
No. That would not be a happy day!
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Debbie Reynolds, C21 P...
Clarksville, TN
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
921,504
I would make them famous.
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Margaret Rome Baltimor...
Pikesville, MD
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Michael Jacobs
Pasadena, CA
687,136
Guess a referral check could come from a brokerage or an agent who pay out a share of the commission. But if it came from an escrow company, that would be real trouble, they would have needed to make a mistake on their reconciling of the client account.
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
4,272,548
I can't say I have...
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
5,049,450
No it's never happened...yet. Our commission checks from from escrow out of the seller proceeds
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
2,684,109
Not yet!
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
7,836,164
Not that I recall. I have experienced non-payment of referral fees.
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Michael Jacobs
Pasadena, CA
989,652
Not for that reason but for other reasons
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Michael Jacobs
Pasadena, CA
5,216,409
3,416,038
No and hope not to. I think I woudl drive there in person to get real answers if it did
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Michael Jacobs
Pasadena, CA
509,449
No, my commission check comes from title or my broker.
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Michael Jacobs
Pasadena, CA
1,466,207
Debbie Reynolds No, never had this happen. I did have my bank put a ten day hold on certified funds from a closing.
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Michael Jacobs
Pasadena, CA
4,882,355
Lucky for me that has never happened. I would call the person or company that issued the check and ask they whey the heck.
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Michael Jacobs
Pasadena, CA
864,658
Nope. Most of our checks come from escrow. If that were to happen, the escrow company would be out of business very shortly.
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Michael Jacobs
Pasadena, CA
3,071,489
No - typically wire transfer from escrow to us with broker approval.
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Michael Jacobs
Pasadena, CA
1,712,676
846,475
1,617,916
564,494
5,104,931
Thankfully, not. If it did, I think it's a violation of law.
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Michael Jacobs
Pasadena, CA
2,241,053
Certified bank check going in means no bounce coming out of the closing. Have wired funds transfer delays but everything held in escrow until the coast is clear to close. Have had deposit personal check bounce and that can be fun ironing out the why and gives everyone a nervous feeling about screwing on the sale pending sign rider.
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Michael Jacobs
Pasadena, CA
6,393,609
Have had both timber sale and land sale checks bounce. A few hours of tension, but we got it sorted out and the funds recieved. Mostly a matter of banks being slow at transfering funds between accounts.
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Michael Jacobs
Pasadena, CA
809,258
No, never me. Had a friend who was in a different brokerage that went under and it happened to them though. As I recall the agents never were able to retrieve the funds due. Yikes.-Kasey
142,796
5,868,554
2,224,473
763,883
No, they come through escrow companies and they haven't gone belly up in decades out here.
4,936,705
Never happen to me but know of a title company that was out of business and close and walked away with funds.
3,986,258
I have not but If I did, a quick phone call to the bank and then to the broker if the account is still short.
539,468
My fee schedule and invoices include payment terms and conditions, posted on my website. Late fees are added for late payments. If needed, legal and collection costs are added to the total amount due.
4,434,127
1,502,998
Thankfully not. Escrow handles the money, so as long as they're not messing around we should be good. I've had my commission money wired in before.
3,345,091
4,800,082
5,583,278
2,781,173
Escrow handles this if & when. In todays world of Real Estate, this is a NO-NO
911,338
Nope. I have read stories about it happening, and those brokers had their licenses revoked in most cases.
4,572,183
Yikes. That has never happened to me. It will be interesting to see the answers of those who have had this experience.