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Updated almost 7 years ago on . Most recent reply

User Stats

254
Posts
246
Votes
Jake Fugman
  • Real Estate Broker
  • Chicago, IL
246
Votes |
254
Posts

OK to charge a referral fee with no license?

Jake Fugman
  • Real Estate Broker
  • Chicago, IL
Posted

Hey all,

I'm in the process of getting my RE license but have already started to casually connect buyers and sellers on some deals that normally would be represented by a broker on one/both sides.  Im still working outside of RE so its going to take me another 30-60 days to complete my testing but I dont want to let any deals linger or pass by.  

Is it common place for non-agents to write up a "referral contract" to collect a similar commission that would be due to a broker?   If so, what terms are legit? 

Thanks!

  • Jake Fugman
business profile image
The Axon Group
4.9 stars
78 Reviews

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