Peter Sik
Open Agent or exclusive agent
Asked 2 agents, they said you have to have exclusive listing agent, and there is no such open agent. According to what I found:"What does open Agent mean?When the listing is open, the agent who makes the sale is paid ...
Alysa Demetre
New Exclusivity Contract and Buyers Fees in Ohio
Hi, I'm looking at a a new realtor and he asked me to sign an exclusivity agreement and in it compensation to the brokerage is $350 and 3% with a minimum of $3500. He states it's because of that new lawsuit with the s...
Shyam Kotha
Be careful with NRIG Insurance - way too may exclusions
The worst Insurance I dealt with - I had a sewer backup on one of my condos - and when I wanted to file a claim they say the policy does not include itA while ago another property had the same issue - and no issues wi...
Galant Ant
Thoughts on Wholesaler<>Exclusive Buyer Partnership in NY
I'm a real estate investor and builder in NY, and I'm exploring new approaches for partnering with wholesalers. I'm interested in being an exclusive buyer and getting involved in the process. My goal is simple: once w...
Neil Smith
Deferring taxes on profits from sale of primary residence?
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...
Elena Gasol
Creative deal structure/capital gains?
Hi BP community!Looking for some ideas on how to structure a deal. Our potential sellers, who bought their property a little more than a year ago as their primary home, would like to sell quickly for health reasons to...
Kristie Buddenbaum
Capital gains exclusion for primary lost when transferring to LLC?
My husband and I own two SFH in western Kentucky; one is a rental that we’ve been working on, the other is our primary. We’re planning on moving out of state by the end of the year. We’re looking at setting up a KY ...
Caleb Charles
Selling investment property
What type of listing agreement is normal for an investor to have with an agent?
-open listing?
-exclusive agency listing?
-exclusive right to sell listing?
Jimmy H.
Using RE to bypass inheritance tax
I had a thought that you could potentially use RE to bypass inheritance and gift tax issues. I know that you are only allowed to gift about $12,000 to any one individual, and I know the goverment taxes you when you di...
Shalen Takaaze
Realtor Exclusivity Clause
What are your thoughts on a realtor putting in an exclusivity clause in a contract? I am a first time investor looking at out of state properties. My MIL is a realtor and she says that in her experience in Hawaii, she...