Updated almost 10 years ago on . Most recent reply
Extra commission / Kickback for Realtor
Looking for ideas how to structure a relationship with a realtor to encourage they be motivated/aggressive. A little background, I'm looking for out-of-state rental properties in areas that are completely foreign to me. So not only do I want a relationship with an agent that can make MLS offers for me, I also would like some "boots on the ground" to possibly help facilitate non MLS deals for me. I get that this type of thing won't be for ever realtor but I'm sure some would find it very enticing.
Some ideas that popped in my head were- Give a % of the amount money that I get an MLS property for less than asking/market value back to the agent. For any off market deals that they help with the leg-work on give them a flat fee.
Has anyone ever done anything like this, if so what methods and actual numbers did you use? Has it worked out well for you? Am I missing anything that would make this illegal for them, or simply not work?
Thanks!