Updated almost 5 years ago on . Most recent reply
50/50 Partnership with Real Estate Agent
A former colleague who is now a top real estate agent and I are interested in partnering 50/50 on buy and hold properties.
Considering we will be contributing equally and distributing cash flows and equity (when sold) equally, would it be fair to ask for commission split 50/50 on the acquisition of the SFH we intend to partner?
Please advise.
George
Most Popular Reply
John Warren
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@George Vigil if you are partnering with this agent, I would recommend letting him keep the commission. He is going to have to do work on this and I believe everyone should be paid for the value they bring. If one partner was a painter, you wouldn't expect them to paint for free for instance.