Realtor Charging for Comps?
Okay so I have a buyer's agent who I work with to view investment properties and to evaluate deals however he lives about 50 miles away and can only get to me to see properties once a week. So I met another agent at a REI meeting and she lives closer, can act as a buyer's agent, can submit multiple low offers, will help with rehab management (since I have a full-time job), can list the property, provide property management services and also potentially set me up as a "personal assistant" to get MLS access after a relationship is built.
So it sounds like a good fit however I talked to her about getting wholesale deals that wouldn't involve an agent. I mentioned that I would need comps run on these potential deals and asked if she would be okay with running them however she mentioned there would be a $50 fee each time I run comps on a potential deal. She mentioned she would be essentially do a BPO and would have to charge $50 for it. Has anyone else come across their buyer's agent charging for comps for wholesale deals?
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I completely disagree.
The fact that she refuses to pull comps for some random guy who has never bought a property through her and who is going to use those comps on wholesale deals where the agent has 0% chance of earning any commission, tells me that this agent has done this before and realizes that most investors are tire kickers and will do nothing more than waste her time.
Like I said above, once she makes some money off him (i.e., he proves he's not a tire kicker), then things change. U
Henry - Will you come wash my car for me for free if I promise to help you some money later? That's basically what Derek is asking...