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Updated about 7 years ago on . Most recent reply

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Derek Merdzik
  • Rental Property Investor
  • Toronto, ON
7
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21
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Real Estate Agent & Wholesaler Dynamic

Derek Merdzik
  • Rental Property Investor
  • Toronto, ON
Posted

Could someone help me understand working with a wholesaler and real estate agent at the same time works?  If I find a deal through a wholesaler and am working with a real estate agent, does the real estate agent represent me in the transaction still?  If working directly with a wholesaler do I need a real estate agent?

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Lien Vuong
  • Real Estate Agent
  • Boston, MA
1,672
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

You can try to negotiate a certain fee with your agent. Make the expectation that if they bring you the deal they you will compensate them but if the deal is from your own self generated lead then you can pay them a flat fee for comps and market input - perhaps the list back for resale. 

You will still be able to keep the rapport of both the wholesaler and agent while being completely transparent with both parties. 

Please be sure to have a good RE attorney if you're doing an off market completely unrepresented. Practice caution and as the saying goes .. if it's too good to be true, it usually is. 

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