Updated over 12 years ago on . Most recent reply
NY Bird Dog Commision
What is a standard fee that a NY Bird Dog/Property Locator can ask the Real Estate company. I know that their isnt a set amount but what amount would be appropriate to ask for?
Thanks!
Most Popular Reply
Personally, as a "Bird Dog" a.k.a Property Locator, I would establish an agreement with the Real Estate investor for $500 per lead that I secure. What I mean by lead is: Property address, bedrooms, bathrooms, etc, make sure who is the owner of the property, is it a primary residence or investment property, the reason for selling, how quickly can they move if necessary, etc. Relay the general information to the investor. Then I would get at least 1/2 of the fee up front, and then the other half of the fee when the deal closes. Money on the front and the back end. And that money can be put towards reinvesting into the business etc. Also your relationship with the investor is on a first time basis, and that investor gives a thumbs down on the deal, find out why it didn't meet their criteria. It helps you to refine your approach. Also stay in contact with the property seller too. It keeps everyone honest. Let me know if anyone agrees or disagrees with the information that I provided. I am always open to intelligent criticism, and new information that I might not have thought of yet.