Posted by Miles on January 24, 2007 at 21:33:57:
ok…So what type of contract could I use to ensure I get paid. A promissary note???
Is it legal for Realtors to pay Birddogers - Posted by Miles
Posted by Miles on January 23, 2007 at 22:04:41:
I am trying to help a Realtor sell a property that is a great investment. I have a investor that is very interested in the deal. He is willing to pay me a referral fee if he closes on the deal. The Realtor is also willing to give me a “commission fee” if the deal goes through. Is that legal. If so, would he be allowed to split or give me the 6% commission. I think I misunderstood what he was saying when he said I would be compensated. I told him I’m a private INvestor, so I hope he dosen’t think I’m a Buyer’s Agent. Please help.
State laws differ so call your RE Agency nt - Posted by John Merchant
Posted by John Merchant on January 24, 2007 at 13:32:27:
x
Re: Is it legal for Realtors to pay Birddogers - Posted by Bill Jacobsen
Posted by Bill Jacobsen on January 24, 2007 at 24:00:42:
At least in our neck of the woods a broker is not allowed to pay a non licensed person. As I understand it they can give you a small gift.
The broker could reduce the commision allowing the investor to pay less for the property and the investor could pay you.
Bill