Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Innovative Strategies
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,

Account Closed
  • Real Estate Agent
  • Arlington
100
Votes |
162
Posts

Out of state purchase - leave referral fee in transaction?

Account Closed
  • Real Estate Agent
  • Arlington
Posted
Hi everyone, I'm a licensed agent in my state but I see a house in another state that I am interested in buying. One appeal to investing as a licensed agent is the opportunity to leave the commission within the transaction as either part of the DP or placed toward closing costs. However this seems to only work if you're buying in the state you're licensed in. In this line of thinking the only way to make this work is getting additional licenses by reciprocity in states you want to invest in which is a lot of extra work and hassle (and money). But, for buying out of state as an agent....what about working with the seller's agent to arrange a referral for finding a buyer (ie, myself) and setting the referral of comparable amount to the buyer agent commission (3%). Is there a way this could still be left in the transaction? Would it get the job done? I'd value any thoughts on whether this is plausible. Thanks!

Loading replies...