Realtor Commission???

3%,and he or she can act as dual agent,seller pay 3%

Good Answer

Thank you!!!

how are you getting the lead?

If the property is not listed, no agent is needed. (ex: person called you off your bandit sign, etc.)

Of course if you're working off of expired listing then you better cut your agent in - LOL

Can always bring her in on any deal.

My motto is always take care of those that take care of you.

Jen

Hmmmm...yes, a caller from a bandit sign is a perfect example...property not listed with an agent.

Thanks...It's clear now that in that scenario an agent is not necessary; however, IF I did decide to bring my agent in to handle the offer etc...due to my inexperience at this point...how would I "take care" of her...pay them?

Thanks a lot "bamagirl6730!"

Ron and Ingrid

Just have her included in the close. (keeping everything transparent and above the table). Having her listed as either: commissions, consultant, pro fee, etc. on the HUD. She'll know (& attorney) will know how it's kosher to list on the HUD in your state and the REAgent Police - LOL.

Mine has been listed as standard "commission" because he was representing me (buyer) in the transaction.

All monies are negotiable (% or fees)

Blessings,
Jen

Thanks, bamagirl for the tidbit on how to get an agent on the HUD doc without getting them in hot water. These little things are good to know even if your agent or attorney do know them. Just another peice of the puzzle. sharon/ Summerset Enterprises

Thanks again for taking the time and clearing things up!

Ron and Ingrid

Should I open A LLC when doing a reassignment of houses? If so is there a something other than the articles of incorporation that I should add to that paperwork?

From what I hear from our experts, when starting you do not need an LLC. Just start as single proprietorship/individual then when your business grows and you are doing volume, and you have the huge income, you can always get your LLC.

When doing assignments there is no need to have an LLC. Nothing ever goes into your name. An LLC is protecting your assets. In this case, you have none to protect. Does that make sense?

I continually forget about all the great information that's available here @ DG.com. You guys are the greatest. Thanks to the contributors and may God bless you in all you do.

"My motto is always take care of those that take care of you"

That's a GREAT motto!

Kendall

Used them very little, more money for me in the end. I have fellow investors who never use realtors at all. Have found they are only interested in advancing there own interest only. Dont use very much at all, You dont really need them to buy and sell property.

Just open up DG. and you get a new toy of information. I call it a toy, because it's a great information to us Adults.

Thank you God Bless.

Armendariz5

Yes it does make sense! Thanks for helping me with that question!

I have a similar question: If you're working with another wholesaler who found the deal, and you ask your agent to run the comps and find out quick info on the prop, how much would you expect to pay her? My cash buyer probably has his own agent or doesn't plan to use one. I'm thinking the max $500 because literally she didn't do much for this particular deal, although she's been very helpful looking for deals.

What are your thoughts?