Posted by Garrett Sutton on February 18, 2004 at 08:26:53:
Why not get a real estate license? You can then pay the referrals and make a commission when you sell rehabbed cat smelly houses. Garrett
Buying dead listing leads from realtors? - Posted by Vicki
Posted by Vicki on February 18, 2004 at 08:05:22:
I recently talked with a friend who tried to list her mother’s run down, cat smelly house. Realtors refused to list it.
She ended up selling it to a rehabber who worked at Home Depot where her brother works.
I want to send letters to realtors offering to pay them for those “refused” listing info for my database and mailing program.
The NH Realtor Commission just keeps telling me that I can’t pay a realtor without a listing contract. Or unless I’m a “licensee”.
See these clips:
“If you are a real estate licensee it is permissible to pay referrals to
other licensees. However, if you are not licensed, the realtor could not
accept payment for a property without a listing contract or a buyer
agency agreement at least for that property.”
my question posed to them:
"I need to know whether it is legal to offer a realtor in NH a referral
fee for a “dead lead” that they choose not to list. I expect that
sometimes agents have people bring them properties that they just aren’t
interested in or that will not sell for some reason.
I would like to write agents to inquire after their non-listed dead
leads and offer $500 for any referral that completes closing. Is this
legal for me to do and is there anything I should know about doing that?"
Any thoughts on this? Maybe this is a stupid question
Re: Buying dead listing leads from realtors? - Posted by jewood
Posted by jewood on February 23, 2004 at 24:38:47:
why not just hire them as buyers agents for a $500 flat commission? since they wouldn’t get a dime out of it just letting it sit. just a thought,
good luck
jewood