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Updated almost 16 years ago,

User Stats

1,493
Posts
268
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George P.
  • Real Estate Investor
  • Baltimore, MD
268
Votes |
1,493
Posts

Is it legal?

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted

I came across a property that I don't want (way too much repairs). I was advised by a fellow investor that I can offer the seller to sign a "Non-Exclusive Right to Sell Agreement" so that I can market the property to investors and get paid a finder's fee if I am successful. Meanwhile the seller can try and find a buyer on his own.
I have doubts about legality of such agreement since I am not a Realtor who can get paid for finding the buyer.

Your input is appreciated.
Thank you!

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