Using a real estate agent in your wholesale deals, how do you pay them?

[Phillip Raetz]

I am starting my business and I am going to use a real estate agent so they can give me comps on the MLS. How do I pay them? Do I give them a commission of my profit and they just get paid through escrow?

[Account Closed]

In my market it's a common practice with investors to become an "assistant" to real estate agents. You have to joing the real estate board but it's really pretty cheap....like $180 every 6 months. That way you can get full access to the mls. You can check comps to your hearts desire without having to go through the agent. You would just agree to use the agent if you need help selling a property or want to buy something from the mls.