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Updated over 10 years ago on . Most recent reply

User Stats

27
Posts
1
Votes
Russ Swan
  • Investor
  • MALAK, NT
1
Votes |
27
Posts

Hypothetical

Russ Swan
  • Investor
  • MALAK, NT
Posted

I'm new to the US market but have a hypothetical question. Let's say I come across a promising lead for a property on sale. Being unable for whatever reason at the time to contact the seller directly myself, I pass the lead onto my local realtor to follow up and do the negotiations for me, and gets a Property Agreement under contract to me. I subsequently assign the property to a cash buyer and the property title eventually goes across to the buyer and I collect my assignment fee. How does the realtor get paid? Commission from the seller? Do I pay the realtor fees? Cheers, Russ Swan

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