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Updated over 7 years ago on . Most recent reply

Working with an agent
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

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.