Agent commissions when investing out of state

[Shane Lafleur]

Hello Fellow Agents.

My question is a general question as well as a moral dilemma in regards to Agents commissions when investing out of state. When looking for a investment property out of state, as an REA, are you upfront about being an agent and ask for referral credit (to save some money during the deal)? Or do you just let your investor friendly agent help you find the property and not worry about commissions?

I only ask as I if the shoe were on the other foot per say and an outside investor asked me for referral credit on a deal if they were an agent, I would most likely comply.

With that being said, I was possibly thinking of a deal where if they find me a property on the market, then my referral would be in place. But if they were able to find me an off market deal then they would keep full commission. I understand it’s all about having the conversation with my fellow agent but I was curious of others thoughts.

Am I overthinking this or do you have a strict way of doing business?

Thanks for reading!

[Russell Brazil]

I dont ever ask for referral fees when I hire an agent, nor do I offer them when Im representing an agent from another state. It is generally considered to be low brow to do so.