Bird dog Texas Realtor -- Is it legal?

[Jason K.]

Is it legal for a Texas licensee to "bird-dog"?

If so, is there a conflict of interest at any point, or anything to be careful of legal wise? Or, what actions must a Realtor take in order to bird dog for his investors?

Is the Realtor's sponsoring broker due a piece of his assignment fee? Does the sponsoring broker need to be informed of his agent's bird-dog activities?

Please advise....

[Jaremy Moritz]

It might be wise to discuss your business model with your broker. Why risk your license when you can get answers straight from the broker.

I have other realtors that bring me buyers for my deals. What I do is inform the seller that instead of me finding a buyer for their property, a realtor is bringing a buyer and the buyer's price has been raised to offset the realtor's fee and my profit. Most seller's I've dealt with don't really care who gets paid what, as long as they get theirs...

Still better check with your broker just to be sure.