Flippers: do you give buyer's agents bonuses? If so how much?

Question

I've found this to be an excellent selling tool. I'm just wondering how much others usually pay in bonuses?

Mitchell L. · Answer

I think it all depends on your market, value of property, etc...In a hot sellers market, the agents job will be a cakewalk and no bonus is needed. If opposite, then I would do it.

Ravi P. · Answer

just get a RE license if you're serious about flipping. it's roughly $200 to get, and saves you thousands.

Cal C. · Answer

any other flippers who do bonuses?

Russell Brazil · Answer

I am an agent, as well as someone who flips. I do not expect bonuses nor offer them on my flipped properties. Almost no agents actually look at how much the fee is. We show the appropriate properties to the appropriate clients. There may be a few agents that are incentivized by this....but they are not the agents who do a lot of volume and thus not the agents who can bring you a lot of buyers.

On the buy side I don't even look at the cooperation fee until we have a property under contract.

Marc Freislinger · Answer

I think this depends entirely on your market. If homes are sweeping off the shelves, there's no reason to waste the money. If you're in a slower market, I've seen anywhere from $1,000 to an extra 1% generate interest.

I'm interested if others have had success with this, though, and I'm curious what people think of the ethics involved on the buyer's agent side.

Flippers: do you give buyer's agents bonuses? If so how much?

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