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Updated over 8 years ago on . Most recent reply

User Stats

32
Posts
8
Votes
Kristi Harmon
  • Orem, UT
8
Votes |
32
Posts

Use a Buyer-Broker and pocket 1.5% of the purchase price

Kristi Harmon
  • Orem, UT
Posted

I'm reading "Investing in Duplexes, Triplexes and Quads" by Larry B. Loftis and he mentions that he uses buyer-brokers who are willing to split his/her commission with him (buyer/Larry). He takes them the deals that he has already evaluated and in return he gets 1.5% from the purchase price that would usually go to the buyer-broker. Usually buyer-broker gets 3%, but since the broker only gets the paperwork done for Larry (he doesn't use him for market or evaluation advice) he gets 1.5% commission rebate. The book is 10 years old, so some things are outdated. However, I would like to know if there are buyer-brokers that split their profits with buyers who bring them the deals?

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