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Updated about 5 years ago on . Most recent reply

User Stats

38
Posts
12
Votes
Andrew Hoelzel
  • Fort Collins, CO
12
Votes |
38
Posts

Bird dogs compensation

Andrew Hoelzel
  • Fort Collins, CO
Posted

Attorneys only please as everyone else will just muddy the waters.

1) Am I allowed to pay a fee to a bird dog for uploading a photo and some notes about a distressed home?

2) Am I allowed to pay the same human a fee once we close a contract on said home?

Assume the following:

I am an investor and not a licensed agent

Bird dog is not a licensed agent

My own $0.02 worth:

1. Nobody is acting as an agent or marketing real estate to anyone.

2. It does NOT seem to be a RESPA violation as as defined by anything remotely RESPA I am reading.

Thanks team, I look forward to clean accurate answers.

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