I want to be a Buyer Agent (flipping as a finder)...
Reply: 1.2.1.1.1.1.1.2
From: Ross Sondergeld
Hi Mike,
I want to be a Buyer Agent (flipping as a finder)...
Mike said, "Since this is a discussion forum I'd like to put forward my own
reason why I think a Scout who takes a finders fee shouldn't need to be
licensed."
Firstly, I'd love to operate without a r/e license. It would cut my costs...
and be riskier for the people I deal with daily...
But yes... a finder could be classed as a non-agent... but I'd bet the
"ranch" that person will NOT behave like a non-agent.
Mike also said, "They are not acting on behalf of a Seller to get highest
sale price, nor are they acting on behalf of the Buyer to get lowest sale
price. In fact, they are not acting as anybody's representative in a
negotiation with another party."
True. But I'm 100% sure that at some time... the non-agent will comment on
value... or make a suggestion regarding the deal. Thereby creating an agency
relationship (...legally speaking).
Mike also said, "If I find a property which appears to be listed under
market value and bring this to the attention of a potential buyer..."
I think you've suggested and/or advised about market value. Under market
value... attention of buyer... profitable deal? Therefore... you're acting
for somebody... (the buyer's benefit?)
Flipping is very complex and simple... In reality... anyone can help someone
in a real estate deal. It happens all the time... mum kicks in a few
comments... your accountant said this... your brother negotiates the deal...
my seminar guru says this... etc.
What happens and what is legal all depends on what the judge says when...
the Sh!t hits the fan.
P.S. We've also got to remember... that this is a public forum and the
professional flippers are NEVER going to let their secrets hit the open
market. The 3 flipping methods can be done many different ways... Some are
legal... some are HUGE deals... some are for a few hundred bucks...
P.P.S. Either way licensed and un-licensed... real estate people will always
be somewhere in the deal... when there is $$$$$ to be made...
But at the end of the day... I believe in 100% representation! Represent the
seller, the buyer or yourself. But make sure everyone knows who you really
represent! (* I think one of my friends calls it transparency.)
Ross Sondergeld ~ Buyer Agent
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" Imagine buying real estate the easy way...
...with a Buyer Agent on your side!!! "
Creative Real Estate Solutions Mobile 0412 289 464
Office 9b, 34 Glenferrie Drive Office (07) 5562 1555
East Quay Corporate Park Fax (07) 5562 1248
Robina QLD 4226, Gold Coast
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