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SlowFlip

Alternative Homeownership Program

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(952)417-0000 Contact Us

Realtor Commissions

Realtors are an integral and valued part of the Slow Flip process. We require all contract for deed buyers to be represented by a real estate agent and rely on Realtors to connect us with potential homebuyers who may benefit from our contract for deed. Realtors then continue to represent their client throughout the contract for deed process, advocating for their client and helping them to understand the steps along the way.

 

To ensure that Realtors are well and fairly compensated, we’ve established a clear and simple process for determining Realtor commissions.

click to view the transcriptRealtor Commisions Video TranscriptThe Slow Flip Contract for Deed Program involves two transactions. In the first transaction, Slow Flip purchases the property from the seller. The second transaction, Slow Flip sells the property to your client. In both transactions, there is a commission. In the first transaction, we will use a $300,000 property example. The commission paid out at 2.7%, would be $8,100. In the second transaction. The price of the home is a little bit higher to your client. So, the commission is actually just a flat amount of the same $8,100. So, the commission is a pass-through from Slow Flip to you, the agent representing your client in these contract for deed transactions.

There are two transactions in the Slow Flip contract for deed process. In the first, Slow Flip purchases a property from the seller. In the second, Slow Flip sells the property to the buyer. The price of the home is higher in the second transaction due to the premium (Slow Flip’s profit).

 

Slow Flip offers Realtors a set commission amount determined by the purchase amount in the first transaction.

 

For example, consider a home that initially sells for $300,000. The commission paid to the selling agent will be $8,100. When Slow Flip sells the property to a contract for deed buyer, the Realtor will get a commission equal to that amount – $8,100.

 

Ultimately, any commission or bonus received when Slow Flip purchases the home is the same amount paid out as commission when Slow Flip sells the home.

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Slow Flip, LLC (Slow Flip) is a limited broker and is NOT your agent. Slow Flip does not represent any buyer and the Slow Flip program is only available to buyers who are represented by a licensed realtor, licensed broker OR an attorney. Slow Flip is not involved and cannot provide advice concerning the buyer’s selection of a home, inspections, representations of the home’s condition, warranties on a home’s features/amenities, or any other topics for which advice and/or consultation is provided by the buyer’s licensed agent or representative.


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