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Updated about 12 years ago on . Most recent reply

Derek T.'s profile image
Derek T.'s profile image
Derek T.
  • Real Estate Investor
  • from Prince Geroge's County, Maryland
  • Member since Aug 25, 2012
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390
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Derek T.'s profile image
Derek T.'s profile image
Derek T.
  • Real Estate Investor
  • from Prince Geroge's County, Maryland
  • Member since Aug 25, 2012
Connect
Derek T.
  • Real Estate Investor
  • Prince Geroge's County, MD
104
Votes |
390
Posts
Buying & Selling Real Estate

Referral Fee

Derek T.
  • Real Estate Investor
  • Prince Geroge's County, MD
Posted

What are the legalities to giving a real estate agent a referral fee?

Situation: Let's say another investor locks up a deal for a rediculously low about through direct marketing. The agent just puts it on the MLS to work it through the short sale process. If I were to convince the investor to assign the deal would the agent be able to collect a referral fee ($1500) on top of commissions if it closes? Is this something I can write up in the contract?

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