OfflineCan someone please tell me how an agent gets paid when I match a buyer and seller? I have sent personal messages to a few successful students and have gotten no responses. With all the people on this site, I feel very alone. I just got done reading Dean's new book and I even found some properties. But, I am just having a hard time putting it all together. I just want to know how an agent gets paid because the agents I have spoken to so far don't feel comfortable giving me any buyers names or properties because they don't feel they will profit. Thank you for taking the time to advise!
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is to research on here the MANY articles on how real estate agents get compensated.
There are so many that I think most on here are worn out by the multiple threads regarding this topic.
I'm an agent and when you ask one to provide you with their list of buyers, what is your response when they ask you
"why should I give you my list of buyers???"
I hope none of your responses were cliche's like;
"I can make you more money than you've ever had"
"I have great, killer deals that no one else has"
"I'm able to find properties no one else can"
Good luck to you
Well SAID
www.adeptpropertiesllc.com
I just used the search box under Dean's picture trying to find an earlier post about having a Realtor provide you with a cash buyer's list. I didn't find it, but it's here somewhere. you can search anything, pretty much like you'd search Google, using quotation marks etc.
Here's what I remember. You can offer the Realtor a flat fee or a referral percentage of the deal if you sell to one of the cash buyers on the list they pull for your. If I remember correctly, Dean said to have the Realtor call the National Realtor's Association helpline for Realtors and ask how to pull a cash buyer list from the MLS. Apparently, they give the Realtor a step by step method of pulling that kind of list for the past 90 days.
You can either offer a flat fee, say $50 or $75 or $99; or you can put it in writing that if you sell to a buyer from the list you will pay a referral fee.
Welcome to the site, Kathleen. I hope I've been helpful.
peace,
Dana w/ Crossroads Solutions LLC
http://www.DanaLeigh209.com
http://www.DanaLeigh209.net
http://www.ULostThis.com
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I am direct to the VP of a $100 million dollar open-ended debt and equity fund which actively writes checks to fund businesses with an EBITDA of at least $1 million a year. We fund also have access to up to $500,000,000 for the purchase of distressed real estate, specially commercial $7,500,000 and up.
The real estate agents get paid by the seller of the property. When a real estate agent lists a property, it will be decided between the homeowner and the agent if the agent is going to put the property on the MLS. If so, once it is on, it tells all the other real estate agents that if they bring a buyer to see the property and the buyer submits an offer and it is accepted and the deal closes, the listing agent and the selling agent will split the commission proffered by the seller.
You will build your Buyers List of investors. You will find out all about what types of properties they are looking for and their investment criteria. You will then work with your agent to find these types of properties. Once you have one of your offers accepted, you will have the property tied up along with the rights and obligations of that contract. You will then introduce your property to your investor at the price you are buying it at plus your profit. You assign your rights to the contract and when it closes, you pick up a check for your profit.