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 8 years ago,

User Stats

132
Posts
186
Votes
Josh Miller
  • Rental Property Investor
  • Seal Beach, CA
186
Votes |
132
Posts

How to motivate my realtor to sell my houses?

Josh Miller
  • Rental Property Investor
  • Seal Beach, CA
Posted

I own 4 different homes that are all sitting on the MLS and I would like to sell them by the end of the year. Locations are:

Newberry, SC (listed at $45.5)

Trinity, AL (listed at $87.5k)

Heber Springs, AR (listed at $105k)

Gilmer, TX (listed at $49.9k)

All homes are slightly below market value and I could just wait for the houses to sell but I'm motivated and want to help motivated my listing agents.   Currently all have standard broker contracts at 6%. 

Is it ethical and legal to offer my realtors a $1,000 bonus if they can sell by the end of the year (within say plus or minus 10% of listing price)?  I have a couple concerns with doing something like this, one of which is if the home doesn't sell will I end up with a really disgruntled agent come first of the year?    

Is it common to offer bonuses to realtors in slower markets, any comments or suggestions are greatly appreciated.  Thanks

Loading replies...