Exclusive v Non-Exclusive Buyer's Agent

[Aaron Winters]

I'm hoping to have an open discussion about the exclusivity practice by agents, specifically for investors. I fully appreciate the argument of wanting to get paid for work completed, so I'd like to frame this more around "exclusive to deals you bring me". If an agent/broker brings me something and it fits my criteria, I will jump on it with them, of course! I don't, however, want to limit myself to one avenue of lead generation.

As a first time investor (BRRRR), I would like your input on:

• Being exclusive with an agent
• What to ask during agent interviews?
• What's the better lead generation?

[Account Closed]

@Russell Brazil  and I have talked about this repeatedly.  It really comes down to paying the agent enough to get the level of service you want.  Investors that do hundreds or thousands of lowball offers should expect to have a different arrangement than people who buy 95% of the properties they make offers on.  People that locate their own properties to buy should have a different arrangement than people who want an agent to find them great deals.

Also... forget interviews.

Talk to people you know about who they used.  Get a list of a few choices.

Call and leave a message saying you are calling off one of their yard signs.  If it takes days for them to call you back then forget ever working with them.

If they call back quickly then tell them you are an investor.  If they want to work with investors expect the full on pitch from them.