Working With Realtors - http://www.dealmakerscafe.com Forums


Original message

Chas

168.191.20.238 user profileedit/delete message

"Working With Realtors" , Tue 1 Aug 14:27 post reply

I remember reading that it was possible to do a L/O on a property that was listed with a realtor as long as they could wait until the tenant/buyer exercised their option. How would I insure the realtors comm. so they get paid and not shafted?

Thanx
Charles


Replies:

lynnhahn



216.78.37.80 user profileedit/delete message

"Re(1):Working With Realtors" , Tue 1 Aug 15:58 post reply

The listing agreement is a contractual agreement between the real estate company and the seller. One broker that I work with asked that I add the following to our lease-purchase agreements, and I happily did so for him.

7. Commissions: Tom xxxxxx has performed a valuable service in negotiating this agreement and is entitled to enforce his commission rights. Seller agrees to pay TOM xxxxx of CENTURY 21 NORTH or any company he is licensed with at the time of closing, a commission of 7.0% of the sales price at closing of title.

Beyond that, I don't know what else "you" can do to protect him/her.

Happy Investing!
Lynn

 

Chas

168.191.22.42 user profileedit/delete message

"Re(2):Working With Realtors" , Wed 2 Aug 14:12 post reply

That sounds like a great solution. If I get to use it I will tell you how it went.

Thanx
Charles




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