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Updated over 7 years ago on . Most recent reply

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Nghi Le
  • Investor / Lender
  • Seattle, WA
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Making Commission by Connecting Sellers and Buyers Off-Market

Nghi Le
  • Investor / Lender
  • Seattle, WA
Posted

I have connections with a lot of investors in my area.  I also have connections with a lot of people (qualified young professionals) who are looking to buy their first home.  The problem is that I live in a hot market, and everything is overbid and sold quickly.

My friends would love to get a chance to buy something off-market, or before it hits the market.  And I know flippers would love the same opportunity, as they would have less costs (staging, agent commissions, etc).

Now the question is, if it's a win-win for the buyer and seller, and they want to share some of the cost savings with me, how would I be able to be compensated (preferably at closing)? Or should I just get paid on the side as a "consulting fee" or something?

Note: I am not interested in becoming a real estate agent.

Most Popular Reply

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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
ModeratorReplied

Actually, it sounds like the definition of brokering real estate to me, and you need a license for that.  This would be like me saying I'd like to do other people hair for a fee, but I don't want to get a cosmetology license.  Even if I'm good at it, and people are willing to pay me for it, it would be illegal for me to do it without a license. 

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