Do you pay the buyer's agent a commission on your flips?

[Ryan Ahlgrim]

I'm an investor who also has my real estate license. My primary focus has been on rentals. Now I'm switching gears and focusing on flips.

How have other agents, who do their own flips, agreed on a commission with another agent if you are both the owner and agent of the property being sold? I'm assuming you're not paying yourself a commission (except what you owe your broker) since you're keeping all the profit from the sale. Are you paying the buyer's agent 3% or doing something different?

[Charlie DiLisio]

I use snapflatfee.com who is also a bigger pockets member Jorge Zea. The deal with them is a flat fee of 100.00 total to list on the MLS and they list it with all the FSBO sites and I use my own number with them so all prospective buyers have to call me to give them lockbox codes so I have full control of the listing. I also have the ability to sell the house myself as an owner. You can offer what you want to buyers agent and I have been offering 3%. If the property sells that is all I pay. I just sold one last week with a buyer that I showed it to myself so there was no commission paid except for the $100.00 flat fee. Great program and easy to change the listing, upload new photo's, etc. Win-win for me. I know he is registered in two states so worth a look. I am quite satisfied with the program.