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Updated over 7 years ago on . Most recent reply

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Christopher Hunter
  • Investor
  • Atlanta, GA
144
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335
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Working with an agent

Christopher Hunter
  • Investor
  • Atlanta, GA
Posted

Buyer's agency agreement

Compensation.  Buyer shall pay firm compensation as follows:

$3,000 to be paid up-front

$1,000 to be deducted off of the first three properties that are purchased. (may be negotiable)

Is this the normal contract when dealing with an agent, who is helping you look for property?

Most Popular Reply

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743
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424
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Brandon Battle
  • Real Estate Agent
  • Buena Park, CA
424
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743
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Brandon Battle
  • Real Estate Agent
  • Buena Park, CA
Replied

He doesn't believe in you or your ability to get a wholesale deal done completely for a profit.He doesn't want to waste his time and money driving around burning time and gasoline in the hope you will actually pull the trigger on a deal he finds.He is offering you a chance to get all 3k back in your pocket by actually buying and selling 3 properties.If you fail,he keeps the money for his expenses.

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