Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 14 years ago, 07/06/2010

Account Closed
  • Real Estate Investor
  • Alexandria, VA
2
Votes |
39
Posts

What finder's fee would you charge?

Account Closed
  • Real Estate Investor
  • Alexandria, VA
Posted

I have a question for Realtors:

short version: What fee would you find acceptable (i.e. finders fee) for informing a wholesaler about a good deal out there that you saw in one of your neighborhoods?

long version: While out and about doing your job you come across an "ugly" residential property from time to time. Let's say that it's vacant and beat up. You notice it because you are in the neighborhood frequently as you are selling nearby homes and/or showing traditional buyers other properties. You know that none of your buyers would be interested in it but you know that a investor might be. What fee/compensation do you think you should receive for contacting an investor and feeding this tip? Note: you will not be the listing agent or buyers agent in this scenario. The investor will contact the owner and negotiate directly and, later, will be selling directly to a cash buyer.

I know that different states/counties/municipalities have different laws regarding receiving compensation for acting as an agent. I'm unsure if the scenario falls within the acceptable area of the rules.

Thanks for the opportunity to discuss this scenario.

Loading replies...