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Updated about 6 years ago on . Most recent reply

User Stats

21
Posts
4
Votes
Kevin Duncan
  • Investor
  • Charleston, SC
4
Votes |
21
Posts

Wholesaler and Real Estate Agent interaction

Kevin Duncan
  • Investor
  • Charleston, SC
Posted

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

Most Popular Reply

User Stats

380
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157
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John Semanchuk
  • Charleston, SC
157
Votes |
380
Posts
John Semanchuk
  • Charleston, SC
Replied

@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.

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