Is it good business to have multiple agents/broker in one area?

[Anthony Simmons]

Good Afternoon BP Family,

I am a newer investor and have an ethics question for you all - is it good business practice to have more than one agent in each market I am investing in? Or is that bad business? I ask because I have a great agent at the moment, but i need more deals, and the first solution that came to mind for this problem is to expand my team of deal-finders. How does everyone feel about this?

Thanks!

Anthony

[Russell Brazil]

Will you be able to find agents that are ok with you working with other agents? Absolutely.  Will those agents be any good? Probably not.  A good agent is going to value their own time. They are not going to waste their time on clients that may or may not close a deal.....they are working with people where there is a guaranteed paycheck.  A good agent is interviewing you as much as you are interviewing them. I turn down right around 50% of the people who want to work with me, because I have to place a value on my time and work with closers and people that are a good fit for my business.