OfflineWorking with a novice realtor just getting started is better than what the average person assumes. Seasoned, experienced realtors usually have higher rates and less time to focus on you because they have hundreds of homes to sell.
Advantages of Novice Realtors:
- More flexible in terms of contract stipulations/clauses
- You can get more offers submitted and returned much faster (Esp. if youre using the 25:1 strategy)
- They have more time to do extensive research on properties you have interest in due to small amount of clientele
-rates are usually lower
- You will have a better relationship with your realtor than ANYONE that they had/have worked with because the realtor will remember back to that starting point when you came and helped him/her make a ton of money. Years down the line that realtor will look at you the same way a son looks at his mother who has raised him, thus, you'll be entitled to special privileges. I know that expierience is the best teacher but as a newbie, personally, I would have more of a blast by having a newbie realtor that will grow WITH me. After all, Dean Graziosi himself is living proof that youth and inexperience can have its advantages 
agents get paid a commission based on the price of the property sold, and it's paid by the seller, at closing.
If you're new, I think you're better off having an investor-friendly experienced agent. An experienced agent can help you streamline the process and guide you to where the 'hot markets' are, and avoid a lot of wasted time doing 'busy work'.
I've been working with an experienced agent, and I built a great relationship with her after a few deals!
Just my 2cent input
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Valuni is right, the pay is based on commission. However, an experienced agent can save you alot in other ways.
Remember the old saying - Penny wise, pound foolish
P.S. - Everything else is immaterial, irrelevant, and unnecessary.
an experienced agent who is investor friendly. We have gotten things automated and he understands exactly what we are doing. Experience is good!
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
As has been stated by others as a wholesaler you pay the buyers agent the same amount regardless of their experience. You will not pay them. They are paid by splitting the listing commission with the listing agent at closing.
However there are some reasons a new wholesaler may choose to use a new agent. They are:
1. Attention - If a good agent who has experience working with investors has 10 investors he/she is working with a new investor who is just getting started will most likely get attention and assistance only after the other 10 proven investors do. That means the agent may not be very responsive. This is something those of us who are experienced tend to forget was an issue when we were just getting established.
2. Patience - an older experienced agent may not be too patient or friendly to new investors.
3. Excitement - one of the things that new investors have going for them is their excitement and energy, an older more experienced agent may not share that or encourage it.
Regardless I would still try to find an investor friendly agent first but if I was a new investor I would not shy away from using a new agent if I was unable to find an experienced agent who I could establish a good rapport with.
What I want in an agent is they are a "go getter", hard worker & full time.
Experience can be good for obvious reasons, but to be honest, I am okay with working with an agent that may not have lots investment experience! As long as they're open minded, hard workers, full time & "go getters"
There are three things an agent does for me. (for the most part)
1. Listings
2. Analyze (comps, opinions)
3. Offers
That's basically it!
Even a new agent can do all that!
I have worked with new agents that did more for me then some experienced agents & vice versa
Again, experience does have its obvious benefits, but to me, its not the most important quality in a agent
I just hate the fact its super hard to get in contact with experienced, established realtors mainly because they have over 50-100 homes to sell. Thats a major turnoff for a fairly new investor such as myself.
Yes, you do want to work with a newer agent but you also don't want to work with one that is BRAND NEW. A brand new agent won't know what exactly they can and can not do for you which will result in delays and lost opportunities for you.
You want to work with either an investor friendly agent who is experienced or an experienced agent who has, as suggested by those on this site, a few years under their belt but not so many years that they are set in their ways. (I could tell you stories about the agent's I interviewed lol ) So you want to be careful with the word "new".
Hope this helps
Andy Sager
DG's AndyS
CFIC and IE member
Andy Sager
DG's AndyS
CFIC & IE member
2013, 2014, 2015 & 2016 EDGE Alumni