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.
Multi-Family and Apartment Investing
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 6 years ago on . Most recent reply

User Stats

36
Posts
7
Votes
Michael V Akbar
  • Alexandria, VA
7
Votes |
36
Posts

Trying to protect self and others while being fair to the agent

Michael V Akbar
  • Alexandria, VA
Posted

I am a rookie looking at some out of state investing and a particular real estate agent (commercial) has been very forthcoming and supportive with information and his time and I definitely would want to be very fair to them.

He has recently sent me an exclusive agency agreement which I am hesitant to sign because I am already introduced to many other channels in the state and am also planning to do my direct mail campaign. I wouldn't even mind giving this agent a consulting fee for his expert opinion on properties presented by others.

In your experience is there a nice way to modify this agreement so that this agent is protected for properties he puts forward and yet not pissed by the commission I would need to give to others if they bring forth a property. The agreement stipulates that the agent will first attempt to collect their portion of the commission from the seller or their representative.

P.S. Is there a counter language that I can offer in my revised agreement back to them?

Loading replies...