There has been an influx of what the real estate industry calls joker brokers. Joker brokers are basically people that receive big tapes from all the usual sellers but then turn around and send it out to their list pretending that they are direct to the seller. The sad thing is that you usually only find out that’s not the case when you start asking for collateral files and more information. In this episode, Chris and Gail talk about the proper way to broker a note, how you put tapes out when you do have loans to broker, and the three signs to know if somebody is a joker broker trying to sell you assets.

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