Using realtors to find me motivated sellers?

[Account Closed]

I have been cold colling and most of the calls are voicemails and realtors. So, I thought of calling realtors instead and tell them to find me motivated sellers/landlords who might be interested in selling their house at a good price and I will pay realtors 4k if I get the deal done. What do you think about this?

[Charlie MacPherson]

@Account Closed Short answer, no. 

A realtor who finds a motivated seller will, depending on the market conditions, will make more than $4,000 if he puts it on MLS and sells it. In addition, we generate additional business from sign calls and open house events, so it's more than just the initial sale.

Further, we are constrained by ethics and in Mass., consumer protection laws as well.  If we know the property owner wants to sell and we connect him with a wholesaler, we're not looking out for the best interests of that seller.  We're looking for a quick paycheck for ourselves - and that can result in an unpleasant conversation with the real estate commission.

Any money paid to a Realtor has to go through the broker too.  If I were to take any sort of side payment, there's another violation.

Any of these charges can result in fines, license suspension and/or license revocation.

Long answer, hell no.