Short-sale queries that stump agents

If you can't answer these basic questions, refer your client to an agent who can

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How well are you representing your clients? Today’s column has nine questions that at least one investor has found cannot be answered by 95 percent of the agents in his market. Are you part of the 5 percent who can answer these?

I recently interviewed Barry Cunningham who has a successful investment business purchasing and selling short sales. Cunningham is not a licensee and typically uses an agent in his transactions. What he has experienced is nothing less than shocking. Here are the questions that most of the agents in Cunningham’s market are unable to answer: