Illinois Brokerage Compensation On An Off Market Deal?

[Lauren Grigus]

I am a licensed real estate broker, I am about to purchase two investment properties from an off-market deal.  The issue I am running into is, my managing broker is unsure if I have to legally compensate the brokerage for my off-market deal.  I am their first investor agent, so they are unsure of the legalities.

If this is the case, can I simply have my husband solely purchase the properties?

[Jeff Valentino]

Hey @Frank Grigus Jr. Check with the broker and the agreement @Lauren Grigus signed since that likely matters most.  My question would be why should you have to compensate a brokerage if you are buying off market real estate for yourself? Let the seller know you are a licensed broker representing only yourself in writing and send it to the attorney and get it closed.

Message or call if you want to talk more.