All Forum Posts by: Dany Namou

 @Priyanshu Adathakkar

Trust me if it was a few dollars, I would not care. It's significantly more than that.

@Will Barnard

I think your right. I think I'm just going to have to let the broker have his peice. Honestly I wouldn't really care if I was at a standard brokerage here in Michigan where the commission is a 10-15k cap and perhaps a small royalty, but because this is an odd brokerage, the split on this deal is 60/40 for every single commission dollar. Ouch!

@Ivy Wang

Sure, but if I terminated my license and called the fee a consulting fee, the I'd be able to retrieve the money free and clear without a split. 

Because, to the best of my knowledge, it seems that what I am doing doesn't require that I be licensed in the slightest.

I just don't feel that it is worthwhile to pay my broker for a transaction that doesn't really require his services or protections. 

But yes, I shall talk to my broker about it.

@Russell Brazil

I suppose here lies the crux of this question. Am I truly brokering a deal?

From what I  can understand my purpose it to simply find an investor who is interested in entering into a deal such that they will bring about a great deal of money in exchange for equity in the development. 

I am not representing the buyer in anyway nor the seller. I am not negotiating anything. 

In fact once, I find a potential investor, I am not delving into the details of the transaction or providing presentation of the opportunity. 

in essence all I'm doing to is a quick screening of potential investor, and then telling the developer to present his investment opportunity to this guy. 

My role in this transaction is done after that. In fact I do not have to wait for the development to finish to get my "finder's fee". I simply wait for the investor and the developer to come to agreement. 

Thank you so much in advance Russell Brazil. I always enjoy getting you input on these forums. 

@Zach Sikes

Here let me give you a little bit more detail. 

The investor would become an equity partner in this this transaction. So yes although some Real estate is being transacted. This is more of a business investment.

The investor will front a great deal of money for some equity in the development. 

Would you still say my broker is entitled to a split on this?

@Zach Sikes

I will not be signing any type of agency agreement with the investor. Nor will I be negotiating or writing contracts on his behalf. All I am doing is finding the investor and having the owner of the development do the rest. 

I will be signing a fee agreement with the developer though. 

Hi friends,

Here is my question. a friend of mine has a fairly large real estate development deal he wants to market privately to large investors. 

He has asked me to reach out to my SOI for a potential investor. IF I find him an investor, he has said (and written in contracts) I would be entitled to a fairly significant finders/consulting fee.  Also note this development is outside the state where I hold my license. 

Now as a licensed realtor, do I owe my broker any part of this consulting/finders fee?

I would think not, but I am not certain. 

Try Jason Minnick (aka EliteTeam). 12k Cap and no additional fees besides board dues (which is pretty standard)

PM me Gail.

Most builders will not move on price because they don't want to hurt the comps, but they are much more likely to give you some free/discounted options.

Jay Latzman

Up Close Inspection

He's phenomenal, but he's also pretty booked.