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Updated about 6 years ago on . Most recent reply
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Wholesaler and Real Estate Agent interaction
Good Evening Awesome Team,
I have a question. I am a new Wholesaler here in Charleston SC and have a deal I'm about to soon close on. The Agent already has her client on a realtor contract for $100k. How should I negotiate the Realtor's compensation and the contract that should be used? Should it be my contract (With the assignment clause) in addition to the Realtor's? Or just one contract?
Thanks
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@Kevin Duncan I'm not a wholesaler but it seems to me that you should have a contract with the seller that you would reassign to the end buyer. The buyer or you would pay the agent any commission agreed upon. I don't know what you mean by "The Agent already has her client on a realtor contract for $100k" as that doesn't seem to fit into the above scenario. However, I really don't want to give any kind of legal advice so again, I suggest you talk to your lawyer about the best way to proceed.