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Multi-Family and Apartment Investing

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Dan Bowe
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Signing a non exclusive representation agreement with a broker?

Dan Bowe
Posted Mar 11 2024, 01:27

I'm fairly new to RE investing. I've started looking around and talked to a few brokers about deals I found online. One of the brokers said he could send me dealflow but required that I sign a non exclusive representation agreement. Is this common?

Also, the agreement specifies that if I buy a property through his service I'll be paying 3% commission in case the sellers broker doesn't split fees. Is that also normal? 

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