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Updated over 2 years ago,
How to compensate agent for off market deals
Hello everyone this is my first post to Bigger Pockets!!! I am hoping to gain some information on how to appropriately compensate my agent when I "source" my own off market deal but invest from out of state so I still technically want/need help completing the transaction. What I mean by this is, if I am able to produce a property that is off market or off the MLS vet the seller come to agreement on price I still want my agent to view the property/schedule inspections/collect keys and give me insight to the neighborhood, comps, general area knowledge. What is a fair compensation considering I'm doing some of the leg work/marketing to find the deal to fill in the gap to closing? I want this to be fair for both parties and lead to continued work in the future.