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Updated about 9 years ago on . Most recent reply

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Tom Jacobs
  • Boston, MA
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Legality Of Receiving A Finders Fee

Tom Jacobs
  • Boston, MA
Posted

I am looking to start a website to match real estate agents with people searching for apartments (similar to zillow, trulia, etc.). The real estate agent that I am planning on working with says he will pay me $30 for every email, phone number and name that I submit to him via the website. This is regardless of whether the leads end up closing on an apartment, the website would disclose that it is in no way a licensed real estate agent, it would not be involved in the actual transaction for any apartment and it would essentially serve as a marketplace for real estate brokers to purchase leads and be connected with potential customers. 

This would be operating out of Massachusetts.  

Thanks

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Mike Hurney
  • Real Estate Investor
  • Boston, MA
539
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2,266
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Mike Hurney
  • Real Estate Investor
  • Boston, MA
Replied

@Tom Jacobs Welcome.

Just do it and have an experienced RE/Biz Attorney help with how the compensation occurs.

Get ready to run real fast because by the time you keep fooling around with this 10 other people will actually be doing it;-)

Napoleon: "If we wait until we're ready, we'll be waiting for the rest of our lives, Start now!"

  • Mike Hurney
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