Posted by Redline on May 03, 1999 at 12:43:31:
Maurice, I’m a realtor here in NJ and a little confused about what you’re trying to write up and what you’re trying to accomplish by writing it up?
The way I see it - you are using them to find property, right? They call you and then you buy from them, right? So they are collecting their commission, right? So what’s the problem?
If they are worried about you cutting them out of the deal, or going to another realtor to buy once they refer you then you don’t have the proper relationship established. Work with them, tell them you will pay their fees as long as they produce. You can even offer them cash incentives/bonuses (ONLY through their broker) if you feel it necessary.
The fact that you MAY (and should!) be using OTHER realtors/brokers to find deals is irrelevent. So writing up an agreement (if I understand you correctly) would probably be something like a “buyers broker” arrangement and I would not sign that if I were you.
If they’re working for you, and you’re taking care of them … then what’s the problem?
PS - It’s normal and standard practice here to get an address from a realtor and drive-by the property. Some realtors are reluctant to give you this information. Use another realtor if they won’t. On the flip side - if you do call the realtor to get the address and you do want the property, fair play says you should use that realtor and pay them.