Working with Real Estate Agents as an Investor

[Kelvin Letron Brantley]

This is not an agent bashing question because I'm currently in school to become one myself, but I do have a question.  I had an agent tell me that if I pass a lead on to them, they can only give me a referral fee if I'm a licensed agent.  I was a little bummed to hear that because I was thinking that if I want to work with other investors when I'm licensed, will I not be able to pay them referral fees for bringing me leads?  Maybe we haven't gotten to that portion of my class yet as I'm only in week 2.  

Any insight would be greatly appreciated.

Letron

[Jonathan Greene]

He is correct. Investors aren't going to pass you leads as an agent, they all know a ton of agents. You want to be the investor-friendly agent sourcing deals for them and then getting the flip listings.