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Agent2Agent in McDonough : Real Estate Advice

  • All237
  • Local Info27
  • Home Buying50
  • Home Selling4
  • Market Conditions7

Activity 4
Tue Nov 15, 2011
Damon Botticelli answered:
Each local board will have their own rules for handling this. Ours requires the 50/50 or other changes to be mentioned in the agent to agent remarks.
0 votes 13 answers Share Flag
Wed Sep 22, 2010
Kevin Olson, Jessica Laude answered:
Hello Wendy,

It can take a long time if you signed up the same way all of the other agents did in your area. It can be a few days if you signed up differently, or months if you went the same route as others. If you are one of 200 agents who did the same thing, what makes you different, or why should they use you? I can't suggest anything because people trying to sell things on here complain, but you can look at my web reference. ... more
0 votes 5 answers Share Flag
Tue Aug 31, 2010
J Mario Preza answered:
The best you can hope for is to collect enough money at the onset of the lease portion of the transaction and structure the payment according to that, first, e.g., a percentage of the total amount of money paid up front, including the first and last month and security deposit, and the option consideration. The balance is outlined in the option portion of the agreement and set to take place over the time agreed to by the parties. That part can be secured by a note on the property for the amount of the commission, but this, like all conditions of these types of agreements, are to be thoroughly discussed and consented to by all concerned, etc. The key question is whether you've earned that portion of the commission payable if and when the "buyer" (optionee) cannot or does not perform. For this reason, the sooner you get paid for services rendered, irrespective of performance in the future, the better. ... more
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