Taking Care of Your Agent for Wholesale

[John Seitz]

Hello,

I have an ethical question. I have been working with a real estate agent for about 6 months now (she is also a friend) on a fix and flip. I have not purchased any properties yet although she has shown me many and has been a great advisor. I recently started working with a wholesaler (a friend of a friend) who I may wind up buying a property through. If I purchase through the wholesaler I would not need an agent to do it. What do you think is fair?

- use her for the purchase anyway and give her the commission?

- calculate what her commission would have been and pay her a commission out of pocket + use her for the sale on the flip sale?

- give her a percentage of the profit + use her for the sale on the flip sale?

- only use her for the sale on the flip sale - business is business

[Caleb Brown]

Up to you. I have clients use me to help walk and guide them through a wholesale. Commission is a flat fee or %. If she has spent time it would be nice to pay her, as an agent we don't get paid unless a closing happens.