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Updated almost 14 years ago on . Most recent reply

Donovan R.'s profile image
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Donovan R.
  • Real Estate Investor
  • from Columbia, SC
  • Member since Dec 16, 2010
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Donovan R.'s profile image
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Donovan R.
  • Real Estate Investor
  • from Columbia, SC
  • Member since Dec 16, 2010
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Donovan R.
  • Real Estate Investor
  • Columbia, SC
23
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59
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Real Estate Agent

Collecting Referral Fees/ "Partnering" a deal

Donovan R.
  • Real Estate Investor
  • Columbia, SC
Posted

I'm looking for an agreement on collecting a referral fee or partnering on a listing agreement with a real estate agent. Any homes that don't fit my criteria to take as a Short Sale I will be sending to him. We agreed to a $500 flat fee for any closed properties that I send him. Anyone do anything like this?

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J Scott
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  • from Sarasota, FL
  • Member since Jan 31, 2008
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J Scott
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J Scott
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  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Are you a licensed real estate agent? If not, it would be illegal (I think in every state) for a licensed agent to pay you (a non-licensed person) any type of referral fee.

  • J Scott
  • Podcast Guest on Show #2024
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