If I'm working with an investor who flips properties should I do an exclusive buyer representation agreement as I would any other buyer before giving them researched property information?

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

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Why not, if they are happy with you they will be willing to put it in writing.

I have been working with the same agent for my investments for 15 years now, no agreement, I am just loyal, and he is very good at what he does.

Jul 31, 2015 07:51 AM

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Bob Crane

Stevens Point, WI

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William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

I would try and tie that person up as much as I could

Jul 31, 2015 04:52 AM

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Bob Crane

Stevens Point, WI

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Andy Madrid

Hawaii Coast Realty, LLC - Kailua-Kona, HI

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absolutely.

Jul 31, 2015 04:17 AM

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Bob Crane

Stevens Point, WI

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Michael Setunsky

Woodbridge, VA

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Larry Adams You should because you can bet the investor is working with other agents.

Jul 31, 2015 03:04 AM

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Bob Crane

Stevens Point, WI

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Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Larry,

We always did that. We had a very simple agreement, easy to cancel, easy to sign, and it worked. A

Jul 31, 2015 02:43 AM

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Bob Crane

Stevens Point, WI

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Stefan Winter

Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV

Owner - Winter Group & Real Estate Web Tech

I find that with investors if you take control and bring them a great opportunity they did not know about, they will work with you until you mess up.

I do get the EBA, but I also make sure I never have to bring it up and they call me regardless on having it signed or not.

Jul 31, 2015 01:43 AM

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Bob Crane

Stevens Point, WI

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Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

If this person knows what they are doing they will kick you and your EBA to the curb.

If the investor is a rookie, you may both end up wasting each others time.

I would suggest if you BRING VALUE the investor, ANY investor, will do business with you and anyone else who brings value. What you propose, without revealing your value actually is detrimental (opposite of value) to the investor.

Jul 31, 2015 01:35 AM

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Bob Crane

Stevens Point, WI

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Roy Kelley

Retired - Gaithersburg, MD

It is always nice to have an exclusive arrangement with investors but some will not agree to that arrangement.

Develop the trust and confidence that will bring them back to you time after time.

Jul 31, 2015 01:07 AM

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Bob Crane

Stevens Point, WI

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The Woodland Team of Texas

The Woodland Companies - Austin, TX

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We do.

Oct 11, 2018 12:34 AM

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Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

you bet!

Aug 27, 2016 09:22 PM

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Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

You can modify the agreement to apply to only the properties you show them. Most of the developers here work with more than one agent - at least the larger ones. If you bring them a property and they buy it, they will usually agree to list it with you when it's finished.

Aug 22, 2016 08:50 AM

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Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I would ensure you are the buyer representative so they do not go around you.

Jul 31, 2016 10:57 PM

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Why not, if they are happy with you they will be willing to put it in writing.

I have been working with the same agent for my investments for 15 years now, no agreement, I am just loyal, and he is very good at what he does.
Larry Adams You should because you can bet the investor is working with other agents.
Larry,

We always did that. We had a very simple agreement, easy to cancel, easy to sign, and it worked. A
I find that with investors if you take control and bring them a great opportunity they did not know about, they will work with you until you mess up.

I do get the EBA, but I also make sure I never have to bring it up and they call me regardless on having it signed or not.
If this person knows what they are doing they will kick you and your EBA to the curb.

If the investor is a rookie, you may both end up wasting each others time.

I would suggest if you BRING VALUE the investor, ANY investor, will do business with you and anyone else who brings value. What you propose, without revealing your value actually is detrimental (opposite of value) to the investor.
It is always nice to have an exclusive arrangement with investors but some will not agree to that arrangement.

Develop the trust and confidence that will bring them back to you time after time.
You can modify the agreement to apply to only the properties you show them. Most of the developers here work with more than one agent - at least the larger ones. If you bring them a property and they buy it, they will usually agree to list it with you when it's finished.
I would ensure you are the buyer representative so they do not go around you.