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Updated almost 10 years ago on . Most recent reply
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Pocket listing
I was recently approached by a real estate agent about a pocket listing and I was wonder how I could turn that into a wholesale deal? How does the agent get paid, what contracts do I use, etc? This would be my first time dealing with an agent.
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Hey Rene, I am a wholesaler myself who has recently started working with agents, I was taught to let the agent know that you are unrepresented and that they would receive 100% commissions. This is the method Sean Terry preaches as a good way to build a team. Agents have all the contracts they need to make a deal happen and usually when they hear you are unrepresented and they can make 100% commissions, it's usually a no brainer for them and you have acquired a friend for life! Don't forget to ask for expired listings and cash buyers, as long as they can see where their money isn't affected, you both can make some major money.
Hope this helps!