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PROBATE: How I made a 6% referral fee, WITHOUT being involved in the deal
 
So these days I'm all about saving time, delegating yet still earning good.
 
What I have been doing lately on a few deals is I refer the entire probate home to my Investor who is a Broker and buys and sells 10+ homes per month.  These are big players BUT the key is they are Brokers and if you grasp this in your business plus learn probate real estate so you have some inventory to do this and keep the entire fee then your business can soar.
 
Once I meet with an estate and evaluate what their need is, (Fast Retail Offer, Exposure on the MLS, or Wholesale works) then I will farm out the property to the client who fits.  For my Investors I negotiate with the estate, we settle in on a price and then I hand off the entire deal to my investor/broker who writes the offer (under my guidance but on his contract) and then he closes out the sale.  I'm not involved in any of the transaction other than if anything is needed from the estate seller.   Running the escrow, disclosures, reports that is all on my investor but more important I don't have to involve eXp, my transaction coordinator or anyone.
 
The Estate ... more

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