Long distance investing as a real estate agent

[Blaine Kosek]

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!

[Mindy Jensen]

I don't ask for a referral fee. It isn't going to change my life to get a nominal check in the mail. They get to keep all the commission, I get to use their local expertise, and when it comes to them sending ME a deal vs sending it to someone who only gives them a portion of the commission, who do you think they'll offer it to first?