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Updated over 1 year ago on . Most recent reply
How to write "Finders or Referral Fee" for out of state Commercial deal as LIC CA REA
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