All the answers are correct. I am a pre-foreclosure expert with 12 years in the business. There is a case in which the realtor will NOT receive a comission. If the house goes into foreclosure and sells at auction on the courthouse steps, the realtor who had the listing will not receive a commission. Allow me to explain. Lets say the house is going into foreclosure but hasn't actually been foreclosed on yet. The house is in what we call "pre-foreclosure." The homeowner decides to have a realtor try to sell the house while its in pre-foreclosure in order to avoid a foreclosure and sale on the courthouse steps. The realtor lists the property for sale in the MLS and attempts to find a buyer. However, no one buys the house from the realtor and instead the house goes to (foreclosure) sale/auction on the courthouse steps. IF the house sells on the courthouse steps, the agent who had the listing does NOT get paid.
