If a broker refuses to give a PHA the brokers fee, can a PHA establish a set brokers fee (based on an average) that will be used in determining the net cash value of real property?
In accordance with the new Notice PIH 2004-01, Verification Guidance, if the PHA is unable to obtain third-party verification because the independent source will not facilitate the PHA’s request, the PHA may review tenant provided documents (i.e., broker’s fee, settlement costs for real estate transactions, legal fees, etc.) to determine the net cash value of real property.
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