Long distance investing as an Agent

2 Replies

Hello everyone,

Thank you in advance for any input you have to offer.

If you are a Real Estate agent, investing outside of the area you are licensed in, would It be wrong for you to ask/expect a referral fee from the agent you are purchasing from?

Just wondering how other agents feel about this. And If you do ask/expect a referral fee, how do you go about discussing it with the agent you are working with?

Thanks!

@Blaine Kosek I have not done that, however if you know the area well enough just get yourself licensed there and take the whole pie.  Also people investing out of area are buying cheaper properties usually $150k and less so the agent is making a ton to start especially considering they have to teach you the whole market.