Contract between Investors and Realtor?

[Aileen Mitchell]

I'm a realtor getting ready to send investors some pre-foreclosure and foreclosure properties I know. I need help with drafting some agreement. Does anybody have a contract/agreement they may want to share that I can use to make sure I'm not pushed out of a deal when I give away the property addresses? How have others done this? I'm not trying to hire an attorney to draft an agreement. Do investors typically already have some type of paperwork for this type of partnership? 

[Steve K.]

@Aileen Mitchell I would ask them to sign an exclusive buyers agency agreement for the property type, and discuss it fully with them so there’s no misunderstanding. If someone wants to work with several agents finding them deals, and you are okay with that, you could do a separate agency agreement for each property. Do they expect you to work for free? I would pass on the investor who “doesn’t do exclusives”. Trust is a two way street and that’s definitely not getting off on the right foot if they’re not willing to commit to you, but still want you to work for them and send them deals. That’s the type of person who will burn you. A legit businessperson would be familiar with confidentiality agreements, NDA’s, etc. A BA is no different, an agent has to protect their valuable time and information like any other businessperson.