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Updated over 7 years ago on . Most recent reply

User Stats

107
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Michael Ndjondo makadi
  • Investor
  • San Diego, CA
35
Votes |
107
Posts

Can I use several realtors concurrently

Michael Ndjondo makadi
  • Investor
  • San Diego, CA
Posted

Good afternoon all.

I am just a newbie and I am wroking to get my fist deal done by the end of this year and I was recommended a realtor by a friend of mine who has been investing successfully for the last couple of years.

From the contract that he sent to me, it seems to state that he(his frim) would be my exclusive agent to help me with my house hunting for the duration of the agreement (1 year). Obviously I have questions that need clarifications from him. But since BP has some great and expereciend investors, I thought to get some answers here. So my questions are as follows:

1. Can I work with different agents at the same time?

2. Can I find houses on my own (reators.com, drive for dollars, etc...) while this agreement is valid and not having concerns about breaching the contract?

3. how the comission pay works when a seller has an agent and I use mine as well in the deal? does my agent still get his 6% of the deal as stated in the agreement from the seller? Would I be responsible to pay the remainder if the seller does not pay the full 6% to my agent?

Most Popular Reply

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15,182
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11,270
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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,270
Votes |
15,182
Posts
Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

If a buyer has no loyalty to a broker/agent then the buyer can expect no loyalty in return with their time and ambition finding that buyer a deal. It's a  2 way street. I know as I am a principal commercial broker and an investor myself.

If a buyer is all over creation talking to tons of brokers/agents each with an opinion and the buyer gets confused and is all over the place we call those (flakes) in the business and it is bye,bye time.

Another buyer/lead is just like another property. There is a new one just around the corner. NOW having a buyer become a client where you both mutually respect each others time and are responsive and 100% open and honest with each other (no games)  can create a relationship that works well.

Anytime I catch a buyer in deception or a lie it's bye,bye time. They have shown their true colors and how they choose to conduct business and it's not something I want to be part of or associated with.

Established brokers/agents have a solid pipeline of leads coming in and can craft their business model to how they want to operate. The newer agents tend to fall for anything to get started. A new agent and a new buyer learning off of each other can be a somewhat crazy experience as they tend to be both green. 

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