Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

11
Posts
0
Votes
Bobby B.
  • Real Estate Broker
  • Beverly Hills, CA
0
Votes |
11
Posts

How to write "Finders or Referral Fee" for out of state Commercial deal as LIC CA REA

Bobby B.
  • Real Estate Broker
  • Beverly Hills, CA
Posted

Hi Everyone any advice on how to write up a "Finders Fee" or a "Referral Fee" agreement or which contract to use for a OUT OF STATE Commercial RE Deal?

Seller out of state has no representation, buyers out of state have no representation.

Buyers are in CA

Do you do a FINDERS FEE for Seller only or BOTH SELLER & BUYER? & 

What standard percentage for each since its out of state and RE License is only for CA?

Have it paid out of escrow? or include it in closing costs of escrow?

or do you do a Referral FEE with Seller since its out of state and have Buyer pay a Referral Fee and at what percentage?

Summary: out of state commercial deal, neither Seller or buyer have reps. Buyer is from your RE licensed state of CA. Seller is from out of state where you dont have a RE License. How do you structure agreement to get paid from both sides?

How would you write the compensation agreement? is there one already out there that is standard for this?

Thanks for the help in advance

Loading replies...