Question from a neophyte

[Christina Lee]

Hi, I’m just blown away by the tools, advice and generosity and rich community here on BP! I’m now beginning to learn about real estate investing and have gotten in touch with a real estate broker who I found here on BiggerPockets. Before seeing a property she sent paperwork that she wants me to sign in order for her to work with me. Is that typical? When I have looked at homes in the past with real estate agents (with me as a potential buyer), I do not recall being asked to sign an agreement. Any advice is appreciated!

[Jackson Pontsler]

A exclusive agreement is usually done with retail home buyers not real estate investors.  As a flipper i have agents send stuff to me all the time.  I only sign exclusive agreement specific for the property they show me.  Mind you since you are new and don't have a lot of experience a broker could potentially do alot of work for you and if you just turn around and use some other agent they get no compensation for their work.  Its a balancing act, I would recommend talking with the broker and stating that any property they show you then get to be your exclusive agent but that you are working with other agents that are bringing you deals and they deserve to be properly compensated for their work just as he/she will be compensated for his/her work if one of the properties that you are shown pan out.

BTW good word choice but I doubt too many people know that neophyte means beginner