Updated over 9 years ago on . Most recent reply
Re: Agent Bringing An Approved Buyer...
Hello.
I have done regular flips; however, a real-estate agent is bringing an approved buyer.
Would I use my standard assignment fee to the realtor or a reversed assignment with the buyer. Any help ASAP is greatly appreciated.
Thanks!!!
Most Popular Reply
Maybe I'm being dense, but I still don't understand your question. It sounds like you have a property you have flipped, and now a RE Agent is bring you a buyer for it, even though it wasn't listed on the MLS. Now you're wondering how to compensate the agent. Is that it? If that's the question you're asking, why wouldn't you simply pay the agent a buyer's commission? Since you're not paying a selling agent, you could even sweeten the deal a bit and offer the buyer's agent 4%, instead of the customary 3%.
If you mean something different entirely, you're going to have to provide some clarification, perhaps an outline of the process of the deal you have in mind.