Question:
I have an LOI from another broker. I believe I have a good supplier lined up for his buyer. The rate I got is below his target rate which includes his commission which means there’s room for my commission too.
How does the paperwork flow so the two of us get commission when his buyer works with the supplier? I figure the supplier and I still do a contract but then does the original broker also do a contract with the supplier for his cut?
MP
Answer:
You make an agreement with the other broker. Tell him you will pay him and he will not circumvent you with your supplier.
I have uploaded an agency agreement on the course website.
Amin