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Updated about 4 years ago, 10/14/2020

User Stats

41
Posts
26
Votes
Mitch Huffman
Agent
  • Realtor
  • Cincinnati, OH
26
Votes |
41
Posts

Realtor working with Wholesaler

Mitch Huffman
Agent
  • Realtor
  • Cincinnati, OH
Posted

Hi Investors,


I am a Realtor here in Ohio and I am working with a few wholesalers, but I have a few questions.  

I have been trying to find buyers for the wholesalers I am working with on an assignment deal.  He is looking to assign the deal and make $10,000 and told me to stack my fee on top of the price.  

For example, if the wholesaler got the property at 50K and wants it to sell for 60K I would then need to list the price as 62K to make 2K on the deal, right? 

If there is a buyer that does this deal what paperwork do I need as a Realtor to make sure I get my fee?  Do I need to report this to my brokerage, if so, how? 

Thank you for your help!

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Huffman Real Estate Group
5.0 stars
7 Reviews

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