Working with a Relocation Agency?

Question

I am a Realtor in MO and have been contacted by a relocation agency that wants to use me. They want to be able to offer a money back to the buyers/sellers. I know $$$ has to go through the brokers but I am looking for any advice on doing this. There are other similar relocation agencies working in this state.

Answer 1

Some relocation companies are legit.  Beware though, some of the money that they want to give back might be coming out of your commission.

Answer 2

Ross, in Minnesota as long as it's disclosed and goes only to a party to the transaction, then it is legal.  Now whether you the Realtor makes any money, is a different question in this scenario.

Answer 3

Many of these self-described "relo" companies are scams.  If they want money from you up-front to "use" you, run away.  True relo companies take a percentage of your commission and no money up-front.  Ask for a copy of their contract.