Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 16 years ago on . presented by

Account Closed
  • Real Estate Investor
  • Oklahoma City, OK
2
Votes |
126
Posts

Finders Fee Agreement-Is it Legal

Account Closed
  • Real Estate Investor
  • Oklahoma City, OK
Posted

OK, I have had friends use finders fees and have had sellers and other buyers sign a Finder Fee Agreement and he get the sellers properties sold and got paid the fee. I made my own finders fee agreement and then someone told me that I may be breaking real estate laws if I use it or do any type of "finders fee". My contract simply says the person I am going to be searching buyers for(seller/company) and Me and/or my partner as the Finders. And then I put that the contract is not to BUY and the seller can still accept offers from other buyers that we dont provide and so on. The Fee is put down, and our signatures. Thats it, not even a page long. Now can anyone tell me if anything seems illegal, and if so, what changes can I make to make it all alright.