Anonymous · Member since 2013 · 10 posts · 3 votes
Who here has their Realtor License and also wholesales? I am curious to know if you have to split any of the money with your brokerage if its a wholesale deal and also, how do you do your contracts? You just use the residential purchase agreements we have or can you use others? Also how does the commission end up working? If the seller is going to give the buyers agent 3% and I am tieing up their property then what happens to that 3%? Thanks a bunch if any of you know..
The variables, are you seeking MLS listed deals or off market?
If its MLS I see no escaping paying whoever else has their hand in the pot (listing, your broker etc..) Off market, just disclose your intentions to your broker and go from there. I'm not a realtor nor do I know how it works that well but I'd be upset if I had an employee doing business within our industry behind my back. That's all I have to go on there.
Contracts, well if its MLS again you are stuck using CAR forms. Off market, use what you like. I could be the exception but many of the deals I do is because the sellers dislike agents and would prefer to handle the deal outside of the normal marketplace.