Turnkey marketers don't represent buyers. Why?

Question

I was talking to a turnkey company and I read in the fine prints that they do not represent buyers. I always thought of them as buyer agents in a turnkey purchase. Is this because they want to avoid legal issues? Or not take on duty as a fiduciary?

Also, how much do the turnkey marketers get paid? Do they charge sellers 3% for the "representing" buy side?

Also, how much do the turnkey marketers get paid? Do they charge sellers 3% for the "representing" buy side?

Account Closed · Answer

If the turnkey company owns the property they are the seller. IF they are just a marketing company they are working for the seller. They are not buyers agents at all.

Account Closed · Answer

They get 5-6k a house from the seller

Jay Hinrichs · Answer

Anish the way most turn key marketers work .. they are just getting referral fee's so technically not representing either party.

its a great gig really for them.. some are more involved some just hand you a name .. one of them that we mutually know though he does a nice job .. others I have had refer to some of our stuff or clients stuff in my mind they simply don't earn their keep at least in my mind ..

Ali Boone · Answer

I can't speak for all of them as I don't know how every company is set up, but it's a legality that they have to disclose they don't represent the buyer. Taking on formal "representation" as a licensed agent or brokerage comes with all sorts of legal mess. Casually, they definitely work for the buyer and will help them with anything they need, but they can't formally claim representation.

They don't charge sellers to represent anything. They just charge the sellers a finder's/referral fee for anyone they send over there. How much the seller pays them for that varies between the companies.

Turnkey marketers don't represent buyers. Why?

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