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Updated about 9 years ago,
Wholesaling With An Agent
Hi,
My question may seem very basic, yet I'm having trouble finding a solid answer on my own, so anything helps.
I have recently received an MLS login and I am spending a lot of time on the site searching for deals. I have also developed a new relationship with an agent and I would like to have him submit low offers for me since the "steals" are hard to come by. My question and concern is that if these offers are accepted and I cannot locate a buyer, what will the repercussions be and how can it affect my relationship(s) with agents? Also, how will it affect them and their relationships? Lastly, I would like to get a better understanding of how they will be compensated if my sole intention is to wholesale the property. I want to build strong, lasting relationships and take care of the people in my network.
Thank you in advance for any knowledge you can share on the topic.