All Forum Posts by: Brandon Stewart

Redfin gives a portion of their commission back to their customers (Buyers). Could a regular referral agent do the same? Or would I have to be a brokerage?

Thanks for the reply @Dan 

@Dan Bernsteinundefined

Thanks for the reply @Russell Brazil . Do you happen to know why that is? For the kind of work that I do, I come across a lot of people getting ready to move.  I can understand if a referral agent didn't make any money because they didn't refer many people, but it would be very disappointing if a referral agent referred many quality leads but still made no money.

I am planning on getting my license to become a referral agent part time while i work at my full time Job. Before I can move forward I'd like to get a professional's opinion. Seeing as though a sale through a referral agent will mean less commission for the realtor, and considering the fact that in the market I am in, prices are rising which means more demand, could a referral agent actually find a Listing agent who is willing to accept lead's from a referral agent? I know it all depends on my relationship with the person, as well as the % I am asking.

If you are in a really hot market, would you take in quality leads from a referral agent if they are asking for 25%?

Btw I am in wilmington Delaware. I am no expert but based on what I can see prices are rising, so I will assume that we are in some kind of hot market. All answers are appreciated. Thanks!

If I use something like Adobe sign to get the homeowner's signature electronically on a sales agreement, could I assign it?

I will be assigning lease options. When I acquire an interest in the home, I will get the home owner to sign a one-page agreement which gives me an interest in the property. I'd like to get the document signed electronically because it is so convenient, but I don't know if I'll be able to assign a document that was electronically signed.

What should I do? I could always fax the agreement to them, but that will cause lots of confusion if the person isn't tech savvy or doesn't have a fax machine. It seems much more convenient to use a program like Adobe sign which sends them the agreement in their email and all they have to do is type their name in. What do you guys think?

@Account Closed I'll rephrase the question. From what I understand there are two kinds of credit reports. Hard inquiry and Soft Inquiry. I'd like to use a soft inquiry when screening tenants because it doesn't damage their credit. I just need to know that a soft inquiry will show me any bills that would normally appear on a credit report, and the minimum payment for each. So if the applicant has 2 credit cards and an auto loan, I need to know how much she is expected to pay on those every month. So really I am just seeking confirmation that this information is included in a soft inquiry.

@Account Closed Both. I am pre screening for a tenant who pass your typical tenant pre screening, and can qualify for a mortgage within the lease term.

I need to pre-screen applicants to see if they would make a good tenant for a lease option. I need to pre-qualify applicants to see if they could make a good tenant AND get approved for lending before the end of the lease. Would a standard credit report and background check give me the information I need to determine how likely they are to get approved for lending (DTI)? Or would I need something more?

Of course, there is still a lot that I need to learn, but a good answer will give me a better understanding of what I should request from my applicants. I appreciate any and all help.

@Wayne Brooks

Thank you! I understand and will do it that way.