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What is MrBuyer's Agent Referral Program?
    The Agent Referral Program is an Exclusive program from MrBuyer that allows Real Estate Agents to completely outsource Short Sale Listings for negotiations while limiting their liability, working less and making more. Our agents focus on what they do best--List and Sell property -- not worry about negotiating or hoping the person they have negotiating knows what they are doing!  With over 10 years experience, MrBuyer is a Professional Buyer that focuses on buying Luxury Short Sale properties. We look to work with educated and professional agents with Short Sale listings.

Types of Properties We're Currently Buying:

• Luxury Short Sale Properties (Homes, Condos, Commercial) valued over $500K, the higher the better.
• Multiple Lien-Holders and Mortgages the better.
• Prefer Waterfront Properties

We are extremely selective with the Agents that we work with to find these properties. If you meet our criteria we will help you:

• Limit your liability
• Work Less
• AND Make MORE.

 with Mr.Buyer as your Buyer!

 

Benefits To You (Agent)

• We can GUARANTEE you FULL commission, even if the lender cuts your commission, MrBuyer will make up the difference.
• We do all the hard work of negotiating with the lenders and all lien holders.
• You come across to your sellers as "performing" by providing them a valid buyer right away.
• MrBuyer has been doing Short Sales for 10 years gives you the confidence that you're working with a Professional Buyer that has years of experience working Short Sales.
• You get to keep and strengthen your relationship with your client, while bringing in additional expertise.
• Mr Buyer has a "Team" of professional FULL TIME negotiators available for you.
• Because marketing in the MLS will come after Short Sale "Approval" or close to it, you not only get to advertise it as Short Sale Approved, but your buyers are much more solid because there is s shorter time frame to close, and they are less likely to fall out of Pre-Qualification status with their Loan Program.
• You have more "ammunition" for your listing to better compete against the other listings you're target buyers are looking for, because your listing will be priced more competitively thanks to MrBuyer aggressively negotiating it below market value.
• Get to offer FULL commission to selling agent, which will help you compete better with other listings (MrBuyer pays any difference in commission the lender may cut).
• Less Risk to You as Agent, negotiating a Short Sales is risky--if you aren't highly experienced in this arena, even a few mis-understood words can open you up to losing your license, a third degree felony, or even being sued.
• Even if you're working with a Title Company MrBuyer can minimize the risk to you as well as guarantee your commission where a Title Company may not.
• Free up your time to do what you do best--List and Sell Property!  Because MrBuyer has exclusive resources at negotiating Short Sales, this frees up your time from spending countless hours on the phone with banks.

Benefits to your Sellers

• You have a Buyer immediately upon your listing.
• Your Buyer doesn't "walk" like most buyers after 60 days, MrBuyer never "walks"--we stay through to completion and success-as MrBuyer doesn't make a dime until there is a successful short sale.
• We may do repairs on properties to assist in getting the new buyer's loan approved
• We can offer additional funds for second mortgage companies in situations where junior lien holders require more than the first will allow them.  (Ex. 1st mortgage will only allow 2nd mortgage $1,000, but 2nd will not take less than $5,000).
• We can provide funds to clean up the property/and or do repairs to make it more salable.
• Offer submitted immediately to the lenders instead of waiting for a buyer and depending on them.
• Faster time to get to an acceptance
• Lenders prefer to work with one offer, one buyer, not multiple offers and multiple buyers.
• We offer FREE credit repair program for sellers when Short Sale is Complete.
• Seller gets to sell it "AS-IS" with no need to guarantee anything on their property.
• Get to offer FULL commission to selling agent, which will help you compete better with other listings (MrBuyer pays any difference in commission the lender may cut).

Frequently Asked Questions:

 

1)  Do you do a BPO?  You manage the BPO process: i.e. you attend all of the BPOs and meet with the BPO agents. Lenders order their own BPO's. They will be performed by either a real estate agent or an appraiser as selected by the lender. This is one of the most important parts of the short sale process and we will need the Agent's cooperation.

 2) How do you earn your income?

 We earn our income by purchasing the property from the seller for an amount that is lower than the current liens. You then resell the property. The difference between these (2) price points (less commission paid, our closing costs etc.) is our income.

3) If you purchase a short sale and then relist it with the referring Agent, and the property goes into foreclosure, does the agent still get paid 3% on the initial sale?
No.  You will not close on a property and then let it go into foreclosure.  The listing stays with the original seller. Remember we are closing on the same day with the seller and a new end buyer. Commissions are only paid at closing.
4) How do we present you to our sellers?
Here is an example of what you can say to introduce us to your seller:
    "In today's ever changing real estate market, you need experts working with you and for you to sell your house and keep it out of foreclosure. As a real estate professional, I can sell your house if it is priced correctly. I am an expert at selling homes. I have aligned myself with experts in the foreclosure and short sale business.  They can help me get the price that I need to sell your house by negotiating with all of your lien holders. It's critical that we get them involved immediately. When are you available to speak with them?"
5) Do we receive a referral fee if we refer you to another agent/what is the referral fee?
Yes. If you refer other Agents to us that we engage (defined as the seller executing all of the paperwork, and proceeding with the short sale) we can pay you an additional 1% Bonus at closing.  These bonuses are independent of your listing bonuses described in question 6.
6) Who explains the process to the seller, the Agent or you?
We will explain the process to the seller during our initial conversation and then again when we meet them in person.  We will need the Agent to set the stage with some information and support as to why it makes sense to work with us and our process.
7) Who does the seller pay for this service and how much?
The seller does not pay any fee to anyone. Unlike other organizations, we are paid for performance and do not take any upfront fees.
8) Does the agent have to pay you to work on the short sale?
No. There are no fees to anyone in this process.  Again, everyone is paid upon performance at closing. However, the Agent may incur normal marketing costs as like any other listing through this process.
9) What are the agent benefits if you work with MrBuyer as opposed to another Short Sale Buyer who also offers a guaranteed 3% commission to agents?
We guarantee 6% commission and will pay additional bonuses.  MrBuyer has aligned with one of the best short sale organizations in the country. We offer joint venture opportunities to Realtors, Agents and Brokers.  We are backed with a partnership that has experience, contacts, buyers and funding.  
10) Are we paid 3% in addition to the bank commission?
No. Guaranteed 3% commission to the listing agent and 3% commission for the buyer's agent based on the sales price. Additional bonuses are available for referring Agents.
11) What if the seller has a 1st and 2nd mortgage?
The more mortgages and liens the better. Liens that are junior to a 1st mortgage are exposed when it comes to foreclosures. If a property goes to auction, junior lien holders stand a very good chance of getting wiped out in situations where the property is worth less than what is owed.
12) Will there still be a deficiency judgment against the seller?
We can't make any promises regarding deficiency judgments. That said, our negotiating team has been EXTREMELY successful in obtaining FULL satisfactions.
13) What about home equity lines, will they be included in the short sale?
Yes. All liens encumbering the property (mortgages, HELOCS, IRS liens, HOA liens, contractor liens etc) will be negotiated in the short sale.
14) If the property eventually forecloses, will we get a commission or referral fee from you anyway?  No.  All parties are paid upon successful transactions.
15) What are the tax consequences for a short sale?
It depends on the property type and the seller's financial situation. We are not a CPA nor are we qualified to provide tax planning advice. If this is necessary, the seller should seek the guidance of a qualified CPA that can also discuss potential tax ramifications.
16) How long have you been working on short sales?
We have been working on real estate investment for over 10 years including Short Sales for that long.
17) Does the seller choose who lists the property or do you?
The seller chooses who to list the property with. That said, if the property has been listed with a specific agent who has produced no offers, we will work with the seller to understand if this agent is the best agent to get the property sold.
18) If it is a Agent owned property, can that agent list their own property?
No. The lender will not allow for an owner to receive any compensation from the sale of their personal residence.
19) If it is a Agent owned property, can the Agent choose the listing agent?
Yes. Again I want to make sure that the person that lists the property is the most qualified person to get the property sold.
20) If it is a Agent owned property, can another agent from the same office list the property?
Yes. Again we want to make sure that the person that lists the property is the most qualified person to get the property sold. The focus should be on solving the foreclosure and getting the property sold, not as an income source.
21) If an agent from the office lists the property, can the owner/agent receive a referral fee?
No. The lender will not allow for an owner to receive any compensation from the sale of their personal residence.
22) Do you do your own advertising? If so, where?
Yes.  We do our own advertising through the internet and through direct mail.
23) Do you list your own properties?
At this stage we do not list our own properties.  While we have licensed agents on our team, we work with other real estate professionals to list our properties.
24) If there is no listing agent on an in-house property, how do you choose who will list it?  If there is no listing agent, we give our listings to the agents that are actively working with us on other properties. Typically those agents are referring multiple properties to us and are effective in selling properties. These agents are also those that understand our process.
25) Do you affiliate exclusively with any one brokerage or agent?
To date, we have not signed an exclusivity agreement with one agent or brokerage.
26) How do I become eligible to acquire in-house listings?
You can start by referring to us short sale opportunities and/or selling any properties
27)  Is this Legal?
Yes.  In fact all of our documents and procedures that we use are reviewed and updated regularly by an experienced Real Estate Legal Team and many of our closings are conducted in attorney's offices.  What disclosures do you provide to the parties involved?
Complete and proper disclosure are provided to:

• The Short Sale Lender(s),
• All Sellers,
• All Agents
  
• All Buyers
• For more details, please contact us.

28) Do you fund the first transaction?
Yes, we independently fund the first transaction from our own funds.  Both transactions stand on their own completely and independently.
29)  How do we get started?
Get in contact with the person that referred you to this site, or call 1-866-MR-BUYER (1-866-672-8937) and ask for a Real Estate Problem Solver to help you.