Friday, June 22, 2007

Lease Options: Will Real Estate Agents Do Lease Options?

Lease Option Tip of The Week

The simple answer- absolutely! Contrary to popular belief, real estate agents will do lease options as long as they get paid!
In most states a listing or co-broke piece of property can not generate a commission for real estate professional unless a closing happens; as always there is an exception to every rule. In this case the listing agent would have to go to their broker and get permission to do some kind of fee agreement in place of their commission structure.

As you can plainly see it would be much easier to have this understanding prior to finding a potential deal.

Hope this helps; my all your deals be profitable.

James Gage