Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 8 years ago on . Most recent reply

User Stats

142
Posts
34
Votes
Wade Stahle
  • Palmer, AK
34
Votes |
142
Posts

Legality concern

Wade Stahle
  • Palmer, AK
Posted

I have some people out of state that I am helping sell their house and they are giving me 3%. No wholesale or double closings. Basically they will just cut me a check when they close.

The whole point of this was to not use an agent. I had an agent call today that wanted to see it and then started going off on how im doing something illegal.  What is possibly illegal about this?

Most Popular Reply

User Stats

794
Posts
612
Votes
Andrew Michael
  • Lender
  • Frederick/ Falls Church DC, Maryland & Virginia
612
Votes |
794
Posts
Andrew Michael
  • Lender
  • Frederick/ Falls Church DC, Maryland & Virginia
Replied

Do you have any contract with the seller or interest in the property?  The agent is likely pointing out that you are representing sellers and marketing a property you do not own or have equitable interest in without a license.    

Loading replies...