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February 12, 2012, 01:10:29 AM

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Real Estate Investing Forums  |  Real Estate Investing  |  Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Buyer's agent under option.. « previous next »
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AlexLock85
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« on: December 20, 2008, 01:19:18 PM »

 have a couple of houses under option that I'm trying to "wholesale" to retail buyers. There is enough of a spread that I will still make a good profit after paying a buyer's agent.

I want to know: is it legal to use a buyer's agent to try and sell someone else's house which I have an option on (equitable interest). I assume I most likely couldn't LIST the house for sale, but an agent bringing me a buyer? maybe..

Thanks in advance.
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Alex Locklear
MotivatedPropertySolutions, LLC
www.nationwide-shortsales.com
Know of any kind of short sale? We'll BUY it
wendy
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« Reply #1 on: December 21, 2008, 09:23:36 AM »

an agent is more than likely only going to be compensated by representing via agency relationship a party to the contract.  The listing agent of the property must be willing to cooperatively compensate a buyer's agent, and the compensation amount will be disclosed more than likely on the mls listing.  what role are you asking an agent to fill, if they are to represent you in a fiduciary capacity you and they will need to spell that out in a contract form, including compensation agreement.
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THR2008
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« Reply #2 on: December 22, 2008, 07:35:25 PM »

This is touchy I'd put it in the flat fee MLS and pay them that way. Remember don't act like a realtor you can get in big trouble then.
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AlexLock85
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« Reply #3 on: December 22, 2008, 08:15:57 PM »

This is touchy I'd put it in the flat fee MLS and pay them that way. Remember don't act like a realtor you can get in big trouble then.

Yeah that's what I was thinking. The only thing I really want to know is how will they get paid?
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Alex Locklear
MotivatedPropertySolutions, LLC
www.nationwide-shortsales.com
Know of any kind of short sale? We'll BUY it
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Real Estate Investing Forums  |  Real Estate Investing  |  Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Buyer's agent under option.. « previous next »
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