Investor Realtor Conflict Of Interest?

[John Barrett]

Hello All,

 I am interested in opinions about working with an agent who is also an investor, there seems to be that there would be a conflict of interest if the agent is interested in the same types of investments that you are, why would they bring you the deal first?

Also, I have heard of the advantages of becoming an agent but can anyone help me with what the minimum requirements are once licensed? I am sure they vary from state to state and agencies but anyone's experiences might be helpful. I would primarily want to obtain my license to use for my investments and not necessarily become a full time agent. Thanks in advance!

John

[Scott Schultz]

I have been a Licensee since 2007 and full time investor since 2010, i am an independant broker, so no ties to an office. for me I love my MLS access for analyzing deals, both needing to coordinate showings when you agent is available, reping my own HUD, Hubzu, Wiliams&Wiliams ect. I also List my own Flips, saving me the Listing side Commission, and I can offer a bigger co-broke when i list, giving other agents a better reason to show my stuff.

As far as working with an Investor/Agent, you have to develop a trust and understanding that you wont step on each others toes, find your own deals, dont just sit and wait for your agent to email you deals, be diligent in your search, watch every day, look at the auctions, and MLS, every day or even several times a day, its part of my routine. If your agent is loyal, be loyal to your agent, let them write your offer, and list your flips, let them rep you on an auction property, but make sure you understand each other, its a relationship, and it needs to develop.