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Jeff P.
  • Investor
  • Redondo Beach, CA
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Question - working with RE Broker outside the box. South Carolina

Jeff P.
  • Investor
  • Redondo Beach, CA
Posted

Hello all!

I have in investment property in SC with a tenant who has 20 year experience as a property manager. I started working with a RE salesperson in the area, but so far her only value is providing MLS listings, CMA's, and rent comps. My tenant can go see a property and I trust his judgement in judging the property condition and the location value (I don't live in SC). With the salesperson, I'm the one who is trying to think creatively like an investor and she seems just focused on price.

I don't have a buyers agreement with her.

The typical SFH I'm looking at is around $150K.

I only need MLS info, CMA's, and rent comps. My question is is it reasonable to seek out a broker and ask him/her to provide me the above in return for 1% of the deal if it closes? Should I ask the current salesperson for this setup? I assume she can't because she's not a broker...

Any other ideas that would make a better fit for my situation?

Thanks for your help!

Jeff

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,512
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

The agent has liability to you, no matter how little you pay them.  Many times, the real work comes after the property is found and under contract.  You will certainly need to find a rookie or slacker to do this deal, if at all.  Have fun!

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