Be Our “Bird-Dog” Real Estate Agent 2019!
In today’s real estate industry, it is necessary for property developers and agents to think of a good marketing approach to effectively buy or sell a property. One good approach is by using the “Bird-Dog” scheme for real estate agents in 2019.
Literally, the term ‘bird-dog’ is a reference to hunting dogs that point to the location of birds and retrieve any birds the hunter successfully shoots. In real estate industry, Bird dog is a real estate investing term that refers to someone who spends their time trying to locate properties with substantial investment potential. A “bird-dog” looks for motivated sellers or undervalued properties with the intention of passing the deal on to a real estate investor in exchange for a percentage, a sale commission or fee.
Bird-dogs work as an intelligence network for real estate investors. Real estate investors may work with a network of bird dogs to increase the area over which they are looking for real estate deals. Similarly, a “bird-dog” will also develop a network of real estate investors so they have a better chance of converting a particular lead into a deal. The term “bird-dog” is more strongly associated with identifying properties for flipping, but it may also be used in the context of identifying income properties or residential rentals. Bird-Dogs are a modern type of real estate agent.
Just recently, CPD Homes also launched this program and called it “Be Our Bird-Dog!”. It aims to motivate real estate agents and partners to do the above-mentioned task, thereby earning commissions from it. So how does it work?
Upon registering with CPD Homes as “Bird-Dog” and be an accredited real estate agent for 2019, they just need to follow these simple steps:
- Agents must find a House;
- Bring the House to CPD, we Purchase and Flip;
- Agents get Commission on the sale side;
- Agents get the Listing with CPD when completed!
That simple! And yet, there’s more! What’s in it for the Bird-Dogs?
- Opportunity to make ‘double’ and ‘triple’ commission;
- Consistent business (on pace to buy 15-17 properties/year);
- Obtain referral leads;
- Access to property inventory before listed;
- Opportunity to host ‘Open Houses’;
- Short sale referrals;
- Become a distressed ‘Property Specialist’ in your area;
- Enhance your profile as an ‘Agent’ in your community.
In theory, acting as a bird dog is a valuable opportunity to practice identifying distressed properties that can be remodeled or simply touched up for a significant profit. In reality, there aren’t so many well capitalized real estate investors just waiting for the chance to train a bird dog. Successful bird dogs do exist, but they have likely spent years or decades in the real estate business and have a history of successful deals with a network of private investors. A new bird dog would find it challenging to match that history and experience.
