Russell Ponce
Can Wholesaling be Illegal?
18 November 2014 | 57 replies
Many other states have very similar definitions of RE activity that requires a license.4735.01(A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following:(1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate;(2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate;(3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate;(4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate;(5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants;(6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate;(7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate;(8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners;(9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.
Jerry Kisasonak
Can I lease/option a listed property?
29 June 2014 | 7 replies
Note: This seller came as a referral and I did not learn about him from any efforts of the realtor - in other words the agent was not the procuring cause of my interaction with the seller.
David Schulwitz
I'm a Newbie
22 August 2013 | 13 replies
Still, I am glad for my 20 years, it enables me to focus 100% on Real Estate with a lot less stress.
Jeremy Collins
Suggestions
18 August 2013 | 1 reply
Not trying to mess over any Realtor, if they are the procuring cause of a sale they are entitled to a commission, but within the grace period of the listing agreement.You can do this!
Larry Flanagan
I feel like I got back-doored, what do you think?
26 August 2013 | 4 replies
For RE Agents that is known as 'procuring cause.'
Bret N.
Starting Own Brokerage
26 August 2013 | 2 replies
I plan on opening my own shop soon & would like some thoughts on procuring investors into my business.
Kevin Corn
Multifamily's and VA Loans...
16 August 2015 | 10 replies
The VA allows you to take a residential loan, the reason there is the "greater than 4 unit" limit is because anything over 4 units is considered a commercial property and thus one needs a commercial loan to procure it.
Account Closed
When do I contact the Hard Money Lender?
8 September 2013 | 9 replies
At this point I have purchased a lead list from list source, and procured a Google Voice line.
Dale Osborn
Using professionals to raise capital
27 October 2012 | 3 replies
Day to day business of using mortgage brokers & loan officers to procure financing?
Cindy McHugh
Force Placed Insurance Questions
9 January 2013 | 29 replies
But I don't know the specifics of how it would need to be set up.I'm wondering if anyone is aware of such an entity that procures this type of insurance for an individual investor.