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Updated over 3 years ago on . Most recent reply
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Question About Lead & Realtor Finder's Fee?
Hi, question: And this is probably dependent on the state, but if a wholesaler has a warm lead that they've found for a homeowner who wants to sell but doesn't want to deal with a wholesaler, is it possible for that wholesaler to receive a finder's fee or somehow be compensated if they pass that lead onto a local real estate agent? I know realtors are bound by state regulations and parameters. Also, the wholesaler is fine with passing this directly to an end buyer too.
Any feedback or input would be appreciated.
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- Real Estate Consultant
- Mendham, NJ
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In almost all states, if not all, you can not get a referral or finder's fee from a realtor if you are not licensed. Why are you bringing in a realtor if you are a wholesaler? Bring in an investor, that's your job, and have the end buyer pay you for giving access, but you have to be the middle person.
- Jonathan Greene
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