Updated over 1 year ago on . Most recent reply
Real estate agents in Phoenix
Hello,
Little background I’ve been buying and selling since for 15 years. Spent a couple years as an LO. Been looking to expand resources from just wholesellers. After speaking with some agents I’m a little confused. I find properties on the mls and send them to the agent with the offer price. I’ve seen it done. Takes 5 minutes. Cash deal, no inspection 10 day closing. Just to do this the agents want 3% commission. So if a deal is $400k that’s $12k commission. I know broker fees are $500 so $12,500 in commission? I have to flip an entire house to make $12k, but an agent makes that in a couple hours without having to leave their home?!?! I’m not complaining, but this is how I see it and I’m just confused. Like wouldn’t it be better to get a license and throw your own offers? Or what happened to throwing an agent a couple grand to send off an offer.