Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 about 9 years ago,

User Stats

59
Posts
11
Votes
Justin Hennig
Pro Member
  • Investor
  • Minneapolis, MN
11
Votes |
59
Posts

Real Estate agent...Sign Exclusivity or not?

Justin Hennig
Pro Member
  • Investor
  • Minneapolis, MN
Posted
What would you do? I'm looking to utilize a professional real estate agent to help find another great multi-family property for either buy/hold or better yet, rehab/refi/hold (BRRRR) What's more effective?: A: sign an exclusivity deal with a real estate agent and have them hustle for the commission B: Do your own looking (MLS, networking, driving for dollars, etc) and either approach private FSBO sellers and/or listing agents who know they'll get double commission if they work with you as an unrepresented buyer? Have 2 major concerns about option A; Concern #1: I'm afraid in option A if I find a property myself (especially unlisted/off-market) the agent will want credit (I'm constantly looking for the next diamond in the rough and had a situation like this happen once before...was one too many times). Concern #2: I'm looking at everything from duplexes up to 12 units...in my experience agents seem to specialize; some are residential, some commercial and there is usually a clear cutoff point between 1-4 unit and 5+ unit. Commercial agents don't generally find 2-4 units, and residential agents don't usually deal in apartment buildings. Could I sign exclusivity as long as it's just to a certain # of units? (Do agents even do this?) I've been trying option B and been on a cold streak for a couple months now. As always, any help is much appreciated! Thank you!!!
  • Justin Hennig
  • Loading replies...