Paying Birddogs Finders Fees

[Kyle Doney]

I am looking into how to pay a birddog for referrals on properties. For example, if you are non licensed and receive compensation for referring a property to a buyer, but do not wholesale it and receive compensation inside or outside of the closing as a party with no real interest or contract on the property, what type of agreement do you use? 

Technically by Colorado law where I work, you cannot broker a deal or receive compensation for facilitating a real estate transaction without be licensed (finders fee). So If I do not lock it up under my company but simply refer the property to a buyer and receive a fee, I am illegally brokering?

Has anyone else specifically in Colorado or other states looked into this?

[Roger Covin]

@Jared Robert Steele @Kyle Doney this is a tough one. I've even been asked to be a bird dog by a few investment companies. But all they ever say is find the deal and we'll cut you X%...no paperwork, no written agreement, just verbal with the expectation of payment which leads me to believe that everyone is paying under the table. I would never bird dog though...If I can find the deals, why pass it off when I can market it