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Updated over 5 years ago on . Most recent reply

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COMMERCIAL WHOLESALE DEALS

Danilo Berovides
Posted

Ive been searching high and low and want to get an answer. I am not a broker and do not represent myself to be a broker of any kind, how do I structure my fee agreement in between a large wholesale commercial deal 40M, obviously I don't have EMD on this size of a deal and I have a buyer that is interested, how to I secure my position in the transaction and if anyone has a SUB FEE agreement that I could use.

Most Popular Reply

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547
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235
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Russ Scheider
  • Flipper/Rehabber
  • Mount Pleasant, SC
235
Votes |
547
Posts
Russ Scheider
  • Flipper/Rehabber
  • Mount Pleasant, SC
Replied

@Danilo Berovides I like @Greg Dickerson’s answer. Plan to collect your fee from the buyer. Have a local attorney write up a simple “marketing compensation” agreement or something to that effect. I would also suggest that you ask for a piece of equity in the acquisition in lieu of some or all of your fee. Good way to own a chunk of multifamily property without coming out-of-pocket.  @Danny Randazzo thanks for the mention. 

  • Russ Scheider
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