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Advice from the BiggerPockets community
"If you want an agent to help you identify residential properties suitable as investments, be sure to find agents who themselves are experienced investors (either as landlords, flippers, or developers).”
Mitch Messer, Investor in Atlanta
BiggerPockets Member
How to Choose a Multifamily Realtor
They must be area hyper-local experts
A good agent can tell you which communities have the strongest rental demand, the best economies, and a positive long-term outlook.
They need to be qualified experts in multifamily properties
Be sure to look for a multifamily investment property certification such as the Certified Commercial Investment Member (CCIM).
They have to be trustworthy enough to care about your investment criteria
Review their track records and experience to help you avoid agents who are new to multifamily property investing.
Get help finding a multi family for sale near you using our Agent Finder.
How it Works
Pick your market
Tell us where you are looking to invest in a multi unit building
Share investment criteria
Tell us about your multifamily real estate needs, timeline, price range, and more
Match with Agent
Connect with an agent who can help you find the right multifamily house
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FAQs about Real Estate Agents
What is the difference between a realtor, a real estate agent, and a real estate broker?
- A realtor is a member of the national association of realtors
- A real estate agent is anyone who has taken and passed the coursework required by their state
- The definition of broker varies by state. Some states denote brokers as those who have taken extra coursework and licensure and are approved to manage real estate agents, while other states such as Colorado have the broker designation for all agents.
Who pays for real estate agent fees?
- As of August 17, 2024, homebuyers may have to pay their own real estate agent fees separately from the seller. This is the result of a settlement agreement between the National Association of Realtors (NAR) and other parties. The agreement includes the following changes that are important for you to know:
- Listing agents: No longer specify how much the buyer's agent will be paid
- Buyer-agent compensation: Not allowed in listings on Multiple Listing Services
- Contracts: Buyers must sign a contract with their agent before touring any potential homes
- Sellers: Can choose to offer compensation to the buyer's brokers
Why do I need an agent?
- Real estate agents are experts in their field, and can help you negotiate the purchase of your home. There is an added benefits when agents invest themselves, as they have personal experience in REI.
- And not just the actual price, but they will help you navigate the many steps involved in the purchase process
- You are not legally required to use a real estate agent to help you buy or sell your home, but transactions involving agents typically sell faster
What changed with the latest NAR Settlement?
- If buyers have to pay for their agent's representation, they can pay upfront with the down payment and closing costs, or roll it into the mortgage. Be sure to talk to your agent about this.
- Click here to get the facts https://www.nar.realtor/the-facts
“I highly recommend BiggerPockets to those looking for agents who are investors themselves as they can help point out details other agents would not!”
Highly recommend
Brad Alderama
Electronics engineer, Investor
“The benefit of working with realtors in BiggerPockets is that they are investors themselves. They understand the language. They know what to look for in a deal. They give you on-the-ground information that a google search or website can't provide. I don’t think I’ll be successful in any of my deals without their help. I’ll forever be grateful to BiggerPockets and these great guys.”
They know what to look for
Owee Nicolas
IT Professional, Father, Bassist, Investor
What Investors are Saying