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Updated almost 11 years ago on . Most recent reply

User Stats

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Alex Rossol
  • Investor
  • Edmonton, Alberta
0
Votes |
9
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Should I continue to use a "Buyer's" Realtor?

Alex Rossol
  • Investor
  • Edmonton, Alberta
Posted

Hi All,

I've just started investing in real estate with a Full duplex and a half duplex that I bought through my realtor. The contract that a signed with my realtor, states that all purchases in real estate that I get must go through him and he will continue to work on my behalf to negotiate and present offers? Is it usual to have an exclusive contract with a realtor? Or do real estate investor's usually just have a few go-to realtors they use interchangeably?

(I guess I am posing this question since I feel chained to my current realtor, and I preceive that I can't be as felxible in my deal seeking and buying)

Most Popular Reply

User Stats

181
Posts
81
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George C.
  • Involved In Real Estate
  • My City, NJ
81
Votes |
181
Posts
George C.
  • Involved In Real Estate
  • My City, NJ
Replied

I would never sign a buyers exclusive agreement. I like to deal with the listing agent, they stand to make double the commission and will work harder to get the deal done. Dealing with the listing agent also cuts one more person out of the game of telephone between you and the seller. You stand a better chance of learning the seller's reasons & options by dealing directly with the person dealing with them, a little inside info is nice.

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