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Updated almost 8 years ago on . Most recent reply
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Investor Friendly Real Estate Agent in or around Baltimore MD
Hello all!
My name is Lashaw Salta and i'm new to the BP community! I live in Baltimore, MD in the Mount Vernon neighborhood. I love this place and would love to invest in it! I've been an active member of BP for a week now and i have been studying investing for the past month.
Would anyone be able to point me towards a real estate agent who is familiar with the city and real estate investors? I think this would be the best place to start.
Thank you all in advance!
Best,
Lashaw Salta
Most Popular Reply
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Originally posted by @Daniel O.:
@Lashaw Salta, a word of caution is in order here. I have had too many experiences with agents who are getting a kickback for referring buyers to a particular (pick any and all of the following) contractor, title company, property manager, off-market property, inspector, mortgage broker, etc. When an agent is getting a kickback and not disclosing it to you, their interests are not aligned with your interests. You absolutely need to do your own due diligence for all of these services. As my grandfather said, and he has been quoted by so many, caveat emptor.
Uhm yeah that is highly illegal. And not like loss your license illegal, like end up in federal prison for respa violations illegal. I don't doubt you've run into it, but I do doubt that it's happened many times. It is something that would be very easy to get caught doing when the real estate commission performs the audits of the agents records. All referalls are part of the audit process.
- Russell Brazil
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