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Updated almost 9 years ago on . Most recent reply

User Stats

187
Posts
61
Votes
Kyle Scofield
  • Real Estate Investor
  • Madison, SD
61
Votes |
187
Posts

Agent Bonuses?

Kyle Scofield
  • Real Estate Investor
  • Madison, SD
Posted

Is it legal to offer real estate agents a bonus for finding you investment property? Just to give them more incentive to bring you deals? 

Most Popular Reply

User Stats

803
Posts
689
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Jake Thomas
  • Residential Real Estate Agent
  • Grand Rapids, MI
689
Votes |
803
Posts
Jake Thomas
  • Residential Real Estate Agent
  • Grand Rapids, MI
Replied

@Kyle Scofield of course, agents like all the money they can make. However it is a little unconventional and rather than giving away money you don't need to give away I would focus on developing relationships with agents that are familiar with what you are looking for. Agents want someone they know can close on the property and close quickly. Getting an extra few bucks doesn't really give me an incentive to give you the lead before it goes to market when I have a guy that closes everything I bring him. 

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