Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

170
Posts
11
Votes
James W.
  • Jersey City, NJ
11
Votes |
170
Posts

Add Agent on both sides to save commission?

James W.
  • Jersey City, NJ
Posted

Hi guys -

I got a property from an auction.

We nominated an agent on the buy side, and she gets 3%. However, the auction closing company really took care of all of it - except for the Certificate of Occupancy that she got for me.

Its time to sell the unit now. She's been helping to ready up the unit for sale, like talking to contractors etc.

It will be soon time to draw the sale contract. I assume she typically charges 5% to sell.

I wonder if its ok to ask her to count the buy side 3%towards her sell side commission. We can make it a total of 5% by paying the remainder.

It may sound odd - but the thing is - i can simply not nominate an agent next time. And pay her the same 5% on sale. 

That's no better for her. Because I can use any agent then. She can also benefit from an ongoing alliance here.

I also hope its right to ask the question.

Most Popular Reply

User Stats

176
Posts
148
Votes
Zach Kidd
  • Real Estate Agent
  • Clearwater, FL
148
Votes |
176
Posts
Zach Kidd
  • Real Estate Agent
  • Clearwater, FL
Replied

When it comes to investors, agents value loyalty, a good appreciative attitude, and honesty.

Reward an agent, they will bring you deals. 

Burn them, and those deals go elsewhere. Permanently.

There is room for negotiation. How you play that is up to you. 

  • Zach Kidd
  • Loading replies...