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Updated over 9 years ago on . Most recent reply

User Stats

86
Posts
27
Votes
Blake Reynolds
  • Salt Lake City, UT
27
Votes |
86
Posts

Marketing Question related to referral fees

Blake Reynolds
  • Salt Lake City, UT
Posted

I am currently marketing to absentee owners through direct mail.

My question is:

If I include in my direct mail piece that I will offer a cash referral fee to someone if they refer someone they may know who is a motivated seller to work with me and we end up purchasing the home Is that considered bid dogging? Is there anything illegal about doing that?

I am not inquiring about the concept of wholesaling in general but more specifically offering a cash fee to someone who refers someone to work with me.

To me it seems like a good idea of being able to reach more people without directly mailing to them because not every motivated seller is going to show up on a list or county record.

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