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Updated about 5 years ago on . Most recent reply
Offering higher commission to motivate realtors?
Hi Everyone,
Currently I am looking for long distance investment properties, and I had made connections with few local realtors in that market during my last trip there.
According to the brrrr strategy book by David Green, realtors are everything for deal finding in long distance market. I agree and did homework in researching realtors, meeting them.
One thing I noticed is that good investor friendly realtors will always have few local clients they always work with. If the realtor ever has off market deals before MLS, I might not always be their top choice. (For long distance, slow reaction time etc...)
Would offering higher commission add in extra incentive for the local realtors? and by how much is reasonable, also was wondering the most polite way to bring this up. Any suggestion?
Thanks in advance.
Robin
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- Residential Real Estate Investor
- Kansas City, MO
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I doubt this is a good way to go. Some agents might even be concerned about it if their client finds out (which they should) because it might come off like they're steering them to that property to get a higher commission. Not a good look.