Understanding How Real Estate Agents Work

[@MachoColt]

I need to come back to this video

[@rogelioordonez6085]

As i am watching the playlist i am learning the different parts of how agents work and how we can work along side of them we just have to know how...Jerry you Sir a a flipping genius!!! Thank You

[@Madie210]

the resource guide is incredible!!!! Thank You!

[@FlippingMastery]

🙏👊

[@proboxer4]

I cant find the link for the double dip technique pdf. can you share it please?

[@leosbasebybase7557]

Hey thank you very much for making these videos these specific videos. I have taken real estate investing school courses but I always wondered why I was not understanding about agents realtors. These videos are going to fill up the puzzle thank you very much man much appreciated God bless

[@FlippingMastery]

+Leo S basebybase7 Your welcome! I have an entire playlist on how to work with agents for flipping when buying and selling. Check it out here: kzbin.info/aero/PLNDQ7qfA7mTifj0o6lP_x7HVziXsIQIiz Be sure to subscribe if you haven’t yet! 🙏👉💵

[@reemasharma5833]

Thank you, sir, I just started as Agent and I really like your videos.

[@hennmack3968]

You got the best videos I met with my first seller tomorrow I hope I can be one if your testimonial stories after this deal,,✅

[@keithshenkin3674]

Very clearly explained. Thanks.

[@loulupero4147]

Always you content is on target! I have agent just starting out. I was on phone teaching him new strategies. No listing! Should I continue work with him or contact listing agents directly. Time kills deals as alway mention? 😄

[@kiyanei]

Jerry- I need some clarification about contracts when using an agent: 1) when agent is making offer on your behalf, is the agents standard contract to be signed? If so, do I communicate to the agent what Needs to be included in their contract prior to signing? 2) If using the agents standard contract, am I to assign that contract to my buyer?

[@FlippingMastery]

+ki 0rtiz Yes, the agent is going to use their regular state approved contract. You tell the agent the terms to include in the contract. Then, once executed with seller, you assign that contract to your buyer.

[@kiyanei]

Flipping Mastery TV thank you so much for the speedy response! This clears up a lot. Thank you so much 🙏

[@FlippingMastery]

+ki 0rtiz 👍👍👉💵

[@KM-bu1js]

Jerry’s the best in the business💯

[@kentheengineer592]

I need more people like Jerry on youtube.

[@lindsaymendoza9847]

Wow game changer!

[@dKidLigh26]

As a beginner who has not gotten a deal yet, is this a good strategy for me to work with

[@Cyberbackerinc]

Awesome video!

[@tannerdude5345]

What online real estate school would you say be best educational for new beginners

[@FlippingMastery]

Check out my mentoring program here: FastTrackWithJerry.com

[@alexcameron2880]

What is a good thing to say to a listing agent when the first thing they ask is if you are going to wholesale it?

[@CorbinParker32]

I found this video to be very helpful!

[@Hypnotherapylive777]

If the commission is divided between the agents 3% and 3% what about the broker, what percentage does the broker get, if the whole commission was 6% and it is for the agents?

[@NinjaMan7759]

Would I be able to get a property under contract thru a listing agent then assign that contract to a buyer thru another agent? Essentially I'm the middle man

[@FlippingMastery]

Yes just make sure agents get compensated

[@Ashley-qu1wx]

Hey Jerry! Thanks so much for making these videos. I do have a quick question. If I get a house under contract using the double dipping strategy with the seller's listing agent. Then I find a cash buyer through an investor's listing agent on Zillow or Redfin like you've suggested in your videos. What happens to that agent? Will he just refer me to his investor without being apart of the deal? Will he want a commission as well? Will he automatically assume he's representing his investor as a buyer's agent? Or will he just give me his investor's info and move on? Please lmk I've been thinking about this for a while now. Thanks

[@kentheengineer592]

personally i would not mind paying agents liike 10% 12% for commercial real estate deals because to me the deal for what the net profit is worth is worth it

[@greatlerbarunday7654]

im currently on training for a virtual assistant company. this really helps great content!

[@MelanieSuber]

Awesome video! Very well explained!

[@skyloftsalon]

Is dual agency legal in Florida?

[@connertheandroidsentbycybe6043]

Im 18 and still attending highschool. My grades were terrible (hoping they dont look back at those lol) and i guess you can say its abit early for me to consider real estate?? Idk but I want to go in the real estate agent field bc, dont blame me but the pay is good from what I hear (commisions and all lol) so I wanted to attend real estate schooling while im still in highschool or after and try to get my licencing, I do not know how to really get started, like do I just send advertising around town and wait for a call or something after I get my license or am I supposed to get hired by a company then a person? I may be abit confused but from a real estate agent to hopefully a future one, I'd love advice and words from whom who has experience/knowledge in this field, pls tell me what it takes and how to make it there from your experience so I can hopefully understand much better

[@code_blizz]

What's the difference between a broker and a real estate agent? Can an agent with a licence operate without using all these big firms out there, meaning if he can exist independently? As a buyer of properties, does he buy these properties in his own money or represent a company that will be doing that? or as a seller does he make a profit from the customer too? maybe if the customer has to settle him for helping them sell their house or buy a house for them? If yes, is it legal and is there any disadvantages in doing so?

[@Serendipity_GamingX]

I was contacted hy an old highschool friend asking if I wanted to get into real estate after I'm out the army in a year .. at 28 years old am I to old to begin?

[@FlippingMastery]

I started at 27

[@Serendipity_GamingX]

@@FlippingMastery thank you sir, I subbed and will try to learn what I can while I'm still active duty to prepare myself to hit the ground running in another year!

[@gogo-kz2gm]

find a video explaining / presenting the role / importance of a good real estate agent before 14 October please

[@shashgo]

jerry, what is the difference in a real estate agent acting in dual agency that is representing both the seller and buyer AND a real estate agent who acts as an intermediary?

[@loulupero4147]

Jerry had issue with realtor, I didn’t take your advice working on this deal. Always use listing agent. After submitting offer & POF , agent responded she could not submit offer, I was not end buyer with hard money lender. Does it make sense?

[@FlippingMastery]

Don’t tell agent you’re a wholesaler

[@loulupero4147]

@@FlippingMastery 👍

[@dav.s789]

So from what I understand the commission doesn’t affect the wholesale fee or does it affect it a little? I just wanna make sure because someone said it does a lot and I just wanna make sure

[@damarjackson2811]

The seller pays the 6% commission whereas the buyer pays the wholesale fee

[@chiefkeef8902]

If we lock up a property on the market under contract as a wholesale deal. How long do we have to find a buyer?? same 30 days??

[@FlippingMastery]

10 day inspection typically

[@DiamondEubanks]

Hi Jerry! Quick question. If I submit an offer and it's accepted. What should I have the listing agent add to the contract to make sure it's assignable? Also do I have them add a 10 day inspection clause? Lastly, when is an earnest money deposit required from the buyer? I don't have the money for that so I fear that may prevent me from making an offer.. Or would I have to wait for the inspection period to end? Sorry I'm new but came across a great lead out of state so I want to take advantage! TIA

[@FlippingMastery]

Contract - if it does not have a “no assignment” clause then it is assignable. Yes add a 10 day inspection Watch this to not pay an earnest money kzbin.info/www/bejne/eKjZfGB7ipiCp68

[@areslivingston3939]

How would I make an offer to a property that’s listed by an agent or to the agent but in a state where dual agency is illegal and only transaction brokers can handle that type of process? Will I still be able to lock up a contract?

[@FlippingMastery]

Do the transaction coordinator

[@areslivingston3939]

Flipping Mastery TV Yea after watching more of your videos I was able to figure out. I applied for the fast track! Look forward to the call! Thanks for the response!

[@FlippingMastery]

👊👊

[@gussyguss7348]

Hey Jerry, a real estate agent I’m working with is asking me for my investors phone number. Is that normal ?

[@shashgo]

What does it mean when a listing says "Cash offers accepted, Investors ok, SOLD AS IS, no survey" . What does the no survey mean, is this something worth pursuing?

[@lexserr]

Jerry. What if they dont want to or cant do dual agency, but i still want to get the deal from the agent(s)?

[@FlippingMastery]

ask for their designated agent

[@HOODEDSHINOBI134]

So how many sales does a typical agent get through the entire year?

[@FlippingMastery]

hard to say as its very agent dependent

[@PedroD888]

To master flipping houses, assuming purchase of the Mastery program, does one have to have the real estate and or broker license? I understood I did not. Advantages to having those?

[@FlippingMastery]

great question! Here's a video where I answer that question: kzbin.info/www/bejne/hXXHoqGQebp9oq8

[@melaniequade4686]

How much does the broker make? Do they take 1/2 of the 3%?

[@isaiahheyward1488]

Depends on what the agent and the broker agreed to on their contract. Brokers usually get 10 - 60% depending on what tools, training, and support they provide

[@chrisislas9146]

...and there is a loan officer, would she earn 1.5%? This would leave 4.5% to the duel agent, correct? As always great video, great info, Jerry.

[@silvershadow1111]

Do i need a laptop to use your software to find u deals?? Or can i do it all on my iPhone?

[@FlippingMastery]

Silver Shadow its mobile friendly so you can use your smart phone but definitely easier on a laptop

[@KhaledAlmassri-ds3di]

What if the buyer agent tricked the client and overpriced the land or property to get higher profit , is it illegal and is there any regulations about that (I am a teenager who wants to learn about real estate )

[@FlippingMastery]

that is why you as the buyer needs to know your numbers

[@TyTeckk1]

Do you have to have a dual agency contract signed before they submit your offer?

[@FlippingMastery]

+Ty Ty Yes, limited to that property. agent will provide.

[@TyTeckk1]

Flipping Mastery TV hey Jerry I have another question about this subject should I sign the contract with the agent before even making my offer

[@gogo-kz2gm]

nice video

[@FlippingMastery]

🙏👊

[@franchise24recovery54]

Hey Jerry thanks again for always posting such great and up-to-date content. Quick question you had mentioned that dual agency is illegal in some states. I happen to live in one of those states. Besides doing virtual wholesaling, what's the best way I can utilize agents for wholesale deals if Dual agency isn't an option?

[@FlippingMastery]

designated agent

[@noahchristian5814]

You literally have a video for every thing lol

[@gltproperty-solutions7527]

lol

[@mjlaramore]

It is illegal in Texas.

[@patrickkk8231]

Is it good as a teenager to do a real estate agent job......???¿¿¿😀

[@kokits]

Seriously what’s the point of the white board. You turn your back to the camera, slows your flow and cant read any of it

[@MrKdarby34]

👍🏾👍🏾👍🏾

[@dblk5672]

Hey Jerry just a quick question, if you get a listing from the MLS under contract, how do you handle the buyer/contractor? Because he will most likely go visit the property to evaluate it.. and if they see the for sale sign on the property, cant hey look it up and see that its for sale for less thank what you're asking price is?

[@FlippingMastery]

watch this kzbin.info/www/bejne/foPFYXeYn7l4gZI

[@lispydavid]

Great video!