Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

107
Posts
25
Votes
Will Johnston
  • Investor
  • Washington, DC
25
Votes |
107
Posts

Relationships with Realtors

Will Johnston
  • Investor
  • Washington, DC
Posted

Would some of you be willing to share how you structure your agreements with the Realtor(s) you work with?

I've been working with a friend who is a Realtor, and I've signed the standard buyer agency agreement form, which states that I can't buy any property without paying them a commission, even if it's something off-MLS from a wholesaler or a private seller working without a Realtor.

My friend is pretty new at this (as am I).  I don't want to take advantage of a friend, and she has been doing a good job.  But it also doesn't seem to make a ton of sense to be locked in to paying a commission on properties that I didn't really need or use a Realtor's services to purchase.

Any thoughts?

Most Popular Reply

User Stats

71
Posts
32
Votes
Joseph Cox
  • REALTOR®
  • Altamonte Springs, FL
32
Votes |
71
Posts
Joseph Cox
  • REALTOR®
  • Altamonte Springs, FL
Replied

@Account Closed I'm sorry you had such a bad experience. There are too many agents who give Realtors a bad name. We get paid because we do all the running around, and finding out the facts. Maybe to her her job is just a little extra pocket money? She's certainly not business minded in my opinion. Thinking about it, she probably wants the agreement signed because she's given such poor service before that her "customers" usually dump her!

She was lazy. I admire you for your decency in working with her as she showed you the home. You did the right thing. she did not.

Loading replies...