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Updated almost 8 years ago,
Must I pay a commission split for this type of Deal?
Hi friends,
Here is my question. a friend of mine has a fairly large real estate development deal he wants to market privately to large investors.
He has asked me to reach out to my SOI for a potential investor. IF I find him an investor, he has said (and written in contracts) I would be entitled to a fairly significant finders/consulting fee. Also note this development is outside the state where I hold my license.
Now as a licensed realtor, do I owe my broker any part of this consulting/finders fee?
I would think not, but I am not certain.