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Updated about 11 years ago,
Buyer's Agent representing Wholesaler?
Good evening BP! I need your help again! I'm a real estate agent in Maryland and through networking I had been in contact with a wholesaler. I've been helping him run some numbers on a few properties and now he wants to move forward with putting them under contract. Can I represent him as his buyer's agent? I just want to make sure my understanding got how this transaction would work is correct: He will allow me to represent him as his buyer's agent so I can collect a commission and he can get the property under contract and do his thing. From there, I assume that he will be able to assign his interest in the property as usual. Is this feasible? Are there any timeframes are wait periods that he have to worry about? He already has a buyer lined up so can the assignment contract be part of the purchase agreement?
Please bear with me since I'm a relatively new agent and even newer investor myself, so I'm still tackling the learning curve. Thanks!!