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Updated almost 6 years ago on . Most recent reply

User Stats

90
Posts
46
Votes
Karl Krauskopf
  • Developer
  • Seattle, WA
46
Votes |
90
Posts

Way around listing agent?

Karl Krauskopf
  • Developer
  • Seattle, WA
Posted

Hi BP! I have a subject home I'd like to purchase AND flip, but my question to the wholesaling experts - is there a way around the listing agent to close directly with the owner on a cash/hard money basis? Caveat is I've already toured the property with my buyers agent via the MLS.

My listing agent, who i would sell with after I flip, is saying that I may still owe the listing agent commission given that he may have been the “procurement cause.”

Ideally I want to get around the 6% commission on my buy side and purchase for less than what it is listed for on MLS.

Most Popular Reply

User Stats

592
Posts
765
Votes
Frank Jiang
  • Investor
  • San Diego, CA
765
Votes |
592
Posts
Frank Jiang
  • Investor
  • San Diego, CA
Replied
Originally posted by @Karl Krauskopf:

Ideally I want to get around the 6% commission on my buy side and purchase for less than what it is listed for on MLS.

The reason that you're getting flak is because what you're trying to do is unethical.  You are trying to simultaneously screw both a licensed realtor who fairly received the listing and a seller out of the fair market value of their home.

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