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Updated almost 15 years ago,
RE Agent offering this for partnership
I'm new, so don't know if this is a good partnership deal to form or not. Can you help?
I have spoken with a RE agent about being my preferred agent. Here is what she's offering and she wants it under contract. . .
"I can not provide you the MLS information without representing you as a buyer. I’ve been told that many agents have been approached by investors. I still have a few unanswered questions but my proposed resolution in working together is as follows:
I am able to be the investor’s agent, in order to locate the foreclosed properties for you on the MLS and give you the comparable properties. This can be accomplished as long as we have a signed contract to work together (between the investor and I) and Baird & Warner will handle the negotiations. I will get paid from the commission earned as the buyers’ agent. Also, since you are bringing me the investors (buyers) and the amount of the commission is unknown, I proposed giving you 30% of my commission. Therefore, you will get paid by the investor for finding him/her the property and I will give you 30% of my commission."
Does this sound like a good partnership deal to have with a RE agent? Would an investor go for this if I brought a deal to them?