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Updated about 14 years ago on . Most recent reply

User Stats

59
Posts
23
Votes
Donovan R.
  • Real Estate Investor
  • Columbia, SC
23
Votes |
59
Posts

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?

Most Popular Reply

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17,995
Posts
17,199
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J Scott
  • Investor
  • Sarasota, FL
17,199
Votes |
17,995
Posts
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.

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