Questions about getting paid referrals from investors + my background

[Account Closed]

I am a recent graduate from Texas A&M university and a few months prior, I was considering getting into Wholesaling.

I learned that with Wholesaling, there were so many pitfalls concerning wholesaling, legalities that one needs to deal with when wholesaling properties, so I decided to look at another alternative route instead.

One of the areas that caught my attention was being a refferal partner for Real Estate and Private Equity investors.

Do you guys know what states such activities are going to be legal or illegal?

Also how do you set up contracts that are in your favor, such as being able to get referral fees that are more your in your favor?

[Chris Seveney]

Quote from @Account Closed:

I am a recent graduate from Texas A&M university and a few months prior, I was considering getting into Wholesaling.

I learned that with Wholesaling, there were so many pitfalls concerning wholesaling, legalities that one needs to deal with when wholesaling properties, so I decided to look at another alternative route instead.

One of the areas that caught my attention was being a refferal partner for Real Estate and Private Equity investors.

Do you guys know what states such activities are going to be legal or illegal?

Also how do you set up contracts that are in your favor, such as being able to get referral fees that are more your in your favor?

 If you are not registered with FINRA, you not only can find yourself being fined heavily but also behind bars. If you want to collect a commission you need to be licensed with FINRA.

Capital Raising: Understanding Commissions, Referral Fees, and Finders Fees | American Association of Private Lenders (aaplonline.com)