OfflineI have been asked to explain how a RE Agent, who is representing an investor that is assigning his/her rights in a RE purchase contract, gets paid. It is a simple process. When the buyer on a purchase contract can also be an assignee (John Doe and/or Assignee), the Agent representing the buyer, will continue to represent the buyer until the deal closes. So if the original buyer (you, the wholesaler), assignes his rights in the contract to another buyer (the assignee), the buyer's Agent, then represents the new buyer. The buyer's agent will get paid as instructed in the listing agreement that the listing agent has with the seller or as advertised on the MLS. The buyers Agent will get paid the same as if he/she is representing the buyer in a standard deal.
I hope this explanation is helpful, Al
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Thanks Al for this explanation. I have received many PM's asking me this very question. Sometimes something so simple can make a big difference in a deal when no one knows how to do it. Good explanation!
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