Help me understand bird dogging....

[Chris Coughlan]

My interpretation of bird dogging is finding below market value properties and then presenting them to wholesalers who then flip/rehab the property. The bird dogger charges a flat-rate commission or a % of the sale price to the wholesaler as a "finders fee".

I just got off the phone with a friend who is a real estate broker in my town. She explained to me that taking any type of commission on a real estate transaction requires a license.

Is this true? Do you need a brokers license to be involved in this type of transaction? Does this vary state to state?

What kind of contracts/agreements are used by bird doggers to be able to transfer to the wholesaler at the closing?

Thanks