What is the agreement called between a builder & a non-realtor who refers investors?

[Elizabeth Block]

In other words, a company looking for qualified investors gives referral fees, but a nonrealtor knows some qualifed investors who may be interested and wants to know if there is an agreement for that.

I believe there is a name for that, and are there examples? The state of investment is TN.

[Evan Polaski]

@Elizabeth Block, and to be clear, the SEC has some very clear rules on this arrangement.  So while you don't need to be a realtor (in fact being a realtor has nothing to do with bringing investors to an investment management company (the developer)), you still need a license to legally collect a commission or referral fee.  The license you need is a most commonly a Series 63 Broker Dealer license.