Originally posted by "REI":
GetSmart,
Check the brokerage laws in the specific states you want to do business in.
The parties that are being hurt by the bird dogs are the folks who have a license. They are one of the main sources that turn bird dogs into the state authorities.
John Corey
again you are getting in the way of common law. a bird dog is in no way hurting someone with a license, that has to be one of the sickest excuses i have ever heard, as a desperate attempt to throw someone off.
tell me how a bird dog is hurting a licensee. they aren't listing a property, they aren't negotiating the property, in most cases they aren't even communicating with the seller.
heres the NC Real Estate license law definition.
A real estate broker within the meaning of this Chapter is any person, partnership, corporation, limited liability company, association, or other business entity who for a compensation or valuable consideration or promise thereof lists or offers to list, sells or offers to sell, buys or offers to buy, auctions or offers to auction (specifically not including a mere crier of sales), or negotiates the purchase or sale or exchange of real estate, or who leases or offers to lease, or who sells or offers to sell leases of whatever character, or rents or offers to rent any real estate or the improvement thereon, for others.
now do you need it interpreted as well?
A real estate broker within the meaning of this Chapter is any person, partnership, corporation, limited liability company, association, or other business entity who for a compensation or valuable consideration or promise thereof lists or offers to list, sells or offers to sell, buys or offers to buy, auctions or offers to auction (specifically not including a mere crier of sales), or negotiates the purchase or sale or exchange of real estate, or who leases or offers to lease, or who sells or offers to sell leases of whatever character, or rents or offers to rent any real estate or the improvement thereon, for others.
this time read and follow the bold print. this is something we learned how to decipher in grade school all the commas. and do you see the last part of that statement? it says for others. a bird dog isn't making such a promise to the seller, since they may or may not have spoken. if they have spoken then maybe the bird dog is offering to buy the property their self.
the bird dog isn't offering anything to the buyer but a lead most of the time and in rare cases a contract, which is perfectly legal to sell.
do you honestly think the AG will pursue an honest working citizen, helping folks out of foreclosure and not even charging the homeowners a fee or one red cent?
you have got to be kidding, and if you are that scared to be a bird dog, i am sure investing creatively you are completely against. Because bird doggin is the first form of creative investing.
one thing you have to realize a broker is paid by the seller. in that case the bird dog would be representing the seller.
the bird dog is simply telling an investor about a lead. people get paid all the time for leads. what do you call those on line companies that sell leads for $45? How many of them are being attacked by the real estate commission? i can bet you its not worth their time.
common law is still in full force as long as it doesn't violate the current statues.
i can't believe this, honestly.
:beer: :goofy: :beer: