Successful relationship with RE Broker?

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prop2fee's picture
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Joined: 2012-05-21

I was wondering if anyone has any experience building a relationship with a real estate broker.  It seems like they are inherently competition (why would you buy stocks and other investments when you can be 100% real estate, right? : P), but I am meeting with one this week.  This is by no means something I think will be a staple of my business, but if there is some way we can co-exist and scratch each other's backs, it could bring me a large account every now and then.  All of his clients are HNW or UHNW and often have needs for 1031 exchanges, which we sometimes facilitate.

So, any value proposition I can provide him?  Or expect from him?  

Takingnames's picture
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Joined: 2007-11-09

Agents, not brokers. Brokers are in it to sell RE. That's it. Agents see the value of "us", tend to play like we do (free agents, not owners/managment) when there is a liquidity event and no additional sale in it for them they "get it", or when we can help enable a note to finance when there is a margin loan we can set up, create a conforming note, and help their client with lower rates.....they love us...

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