Updated over 5 years ago on . Most recent reply
South Carolina Investment Question
Good Morning BP Family,
Seeking some advice and clarity!
I am in the process of acquiring my first long term out of state buy and hold property, which I am very excited about. However after finding an investor friendly agent and starting the conversation, I was sent a South Carolina Disclosure of Real Estate Brokerage Relationship. A few details about this client relationship is I am required to pay broker a brokerage fee which is greater of $2,500 or 3% of total purchase or lease price. Additionally, there is a $595 transaction service fee paid at closing.
Is this a normal agreement and is this a smart choice for my first investment?
Please note, this broker is very experienced in investing, provides accurate ARV, comps and is well versed.