REO Broker AND Regular Agent?

[Natalie C.]

This is a newbie question.

I am starting to 'take action', and my first step is reaching out to real estate agents, which I have already done. I've also been emailing with a property manager, who recommended a REO broker.

If I understand correctly, it is standard to have only one agent you work with.

Do people ever work with a 'regular' real estate agent AND a REO broker? Is that kosher or not? Either way is fine, just trying to learn what is appropriate and what is not.

Thanks!

[James W.]

I'm not sure what your contact has been, but it doesn't hurt just to let them know you might be interested in deals meeting certain criteria.  They can send you possible deals, and if you are interested, you can make an offer through them.

I would be careful not to sign a contract exclusively with an agent in case something comes along through another source.  Nothing wrong with using agents as a source of finding deals.  I just wouldn't sign with one until they find me a deal I want to buy.  At that time, I would just sign for them on that property only.