Updated over 5 years ago on . Most recent reply
Best Way For Agent to Purchase Out of State?
I'm a junior real estate agent and a junior investor. I'm licensed in the state of Colorado but would love to purchase a small rental in Tulsa, OK. Clearly, I cant represent myself in the transaction and intend to use an agent out there. Am I able to receive a referral fee from the agent on my own deal? Oklahoma doesn't allow dual agency, but would it benefit me in some way to reach out to the same brokerage that the listing agent works at in order to keep more money in that brokerage and thus attempt to obtain a larger amount? I'm searching in the sub $50,000 range so there isn't a ton of meat on the bone, but even If I can get back $300.00 in a referral fee that would pay for the plane ticket out there. Is there anything I'm missing or failing to realize here? Like I said I'm a junior agent.