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Updated almost 5 years ago,
Charging Fees for Raising Capital (w/o Broker’s License)?
Hi - I don’t have a Broker’s license, but I’m trying to help a friend of mine raise capital for an apartment deal he’s working on. Am I allowed to charge fees for successfully bringing in new sources of capital? (I.e. if I was able to find $50,000 of capital via friends and family, can I charge a percent of that as a sort of finder’s fee?)
Is there any other sort of license I would need to charge fees?
If I can charge a fee, does anyone have a view on what market would be for this? (I’m in San Francisco, CA)