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Updated over 16 years ago,
Real Estate Agents Friend/Foe
This is a question that I have been wondering for quite some time. I am starting out in real estate investing and assembling my team. My question relates to real estate brokers.
I understand that brokers are a great source of deals. But in reality, brokers are people too, and a good deal is a good deal. That being said, if a property is "such a good deal", then why doesn't the broker take that for himself? Why doesn't he/she scrape up the money to control the property, or get an investor to back him up? Wouldn't they make more money off of it that way, as opposed to a commission fee? So, are the deals that would be presented to me, are they high quality deals, or simply the deals that the broker simply couldn't do himself?
Take care,
THE HUN.