Posted by Jim IL on January 15, 2000 at 16:52:53:
David,
I have done a couple listed properties this way.
But, the agent was a friend who understood what I was doing.
Basically, the commission is paid when the option is exercised.
And, my agent went along because she also sold the sellers new homes.
So, she got paid anyway on those deals.
She knew that the sellers would not buy the new homes until the old ones were covered, and my L/O program did that for her FAST!
I have no idea “how” to get agents to go along with L/O easily, because in my experience, only 1 in 100 will do it.
Most will submit the offer, they have to, but they kill it when presenting it.
Stick with FSBO’s for L/O targets, the odds are better.
Hope that helps,
Jim IL