Do I pay the agent as a buyer?
Looking into investing out of state (im licensed myself)
Agent out of state I was speaking with told me I would have to sign a buyers agreement that states they must make a min of x amount on a deal and if not I make the difference up (plus office fee). Home are around the 75-100k
Is this normal as if anything I was going to ask for a referral fee but noticing how low the prices was I was going to not do that.
Just wondering if this is standard practice, I personally dont use those contracts myself with my buyers as if the house doesnt pay enough I dont want my buyer to pay. I will make it up on the next transaction.
Thoughts please