General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Question about Subto
How do I pay a realtor if I want to do a Subto with one of their clients?
Most Popular Reply

- Lender
- Lake Oswego OR Summerlin, NV
- 63,104
- Votes |
- 42,810
- Posts
Quote from @Kris Craig:
Yeah I get it. I’m an agent in the state of Tennessee #365327 so I know those rules. I have plenty of PML’s and PMP’s to not come out of pocket on my end that’s not the issue. I think the answer I’m looking for is you either can get around not paying an agent or not. That’s it.
commission are negotiable as you know.. make your offer and negotiate the Commish.
I think the bigger issue is any experienced RE agent or Broker would NEVER EVER suggest their client sell sub too. Unless the buyer was paying way over market its just way to risky if the buyer stops paying they trash the sellers credit now seller is not in title just becomes a major cluster and agent gets dragged into it for participating.. Agents of sellers doing this should have a bullet proof CYA letter signed by seller absolving them of any liability down the road.. When I owned my brokerage I would insist on this being signed when my agents were repping a seller. Of course there are not many of these transactions and its soup de jour these days so i get that.
- Jay Hinrichs
- Podcast Guest on Show #222
