Buyer's agent on double closing or wholesale deal

[Alexi Schreier]

Hey all,

I've been working with a buyer's agent who is helping me in my deal search and has been very helpful with market research data and finding comps for MLS properties.

During my search I met another realtor who has presented a few off-market deals that he wants to sell with a double closing i.e. he would purchase the property from the seller and the same day turn around and sell it to me using my funds to pay the original seller. So far so good.

Even though these are off-market deals, I would like to work with my buyer's agent so he can help me with comps, writing up offers, etc for these off-market deals.

My questions are:

During a double closing or, similarly, a wholesale deal can I hire my buyer's agent even though this is not an MLS deal?

If so, how is my agent compensated? Can I pay my agent some kind of flat "realtor fee" or could it be a commission of the sale?

Thanks!

Happy investing.

[Wayne Brooks]

@Alexi Schreier You can pay him, his broker, any way/amount you guys agree on.  As a side note, very few title companies will allow the end buyer’s funds to be used for the initial transaction (a “dry” closing).