Preforeclosure question

2 Replies

I'm looking at a potential cash purchase of a preforeclosure where the owner/occupier died and hired a third party executor. The property manager is trying to act as the facilitator and sent me an agreement saying they would try to get a 3% fee from the sellers estate but if they won't pay it, the buyer would be on the hook for the fee. The property manager asking for this fee is in exchange is going to show the property to prospective buyers and be an intermediary between buyer and executor. Does this seem customary and legitimate, and are there any potential pitfalls or things to look out for?

It seems illegal The property manager has not authority from the estate to broker a deal.He trying to broker a real estate transaction without permission from the principals.Lastly he may not even be licensed to do this .Contact the executor directly