Real estate sales compensation

[goofer]

Re: Beach Houses For Sale

sj......just for educational purposes, why would it be illegal for a non-agent (unlicensed person ) to receive renumeration if they find the buyer? isn't that like receiving a finders fee which is common in many industries ? it is a common practice in the brokerage industry for people to receive finders fees for putting a deal together, even if they are not registered or associated with a brokerage. if a company wants to sell a division, and i find a buyer and put the transaction together, i will be entitled to a finders fee and would make that plain to the company before i proceeded. of course, i would also have legal representation before starting.

 

[RiverOtter]

Re: Beach Houses For Sale

sj......just for educational purposes, why would it be illegal for a non-agent (unlicensed person ) to receive renumeration if they find the buyer? isn't that like receiving a finders fee which is common in many industries ? it is a common practice in the brokerage industry for people to receive finders fees for putting a deal together, even if they are not registered or associated with a brokerage. if a company wants to sell a division, and i find a buyer and put the transaction together, i will be entitled to a finders fee and would make that plain to the company before i proceeded. of course, i would also have legal representation before starting.

Warning!!! Tangent!!!

googer44, you are Sedona, AZ. Awesome! Start another thread somewhere and tell us about it. Maybe post some pics. I would love to take the fam out there for a vacation. I here Sedona is awesome!

 

[SlowMovin]

Re: Beach Houses For Sale

sj......just for educational purposes, why would it be illegal for a non-agent (unlicensed person ) to receive renumeration if they find the buyer? isn't that like receiving a finders fee which is common in many industries ? it is a common practice in the brokerage industry for people to receive finders fees for putting a deal together, even if they are not registered or associated with a brokerage. if a company wants to sell a division, and i find a buyer and put the transaction together, i will be entitled to a finders fee and would make that plain to the company before i proceeded. of course, i would also have legal representation before starting.

All your points are valid. But it is still illegal. The RE industry here has a lot of clout with the legislature.

 

[SlowMovin]

Re: Beach Houses For Sale

My understanding is that it is a state law, not federal. Not all states have this restriction, though some others do. Again, just my understanding--I could be wrong.

 

[The Telattorney]

Re: Beach Houses For Sale

I hope you do not mean that the unlicensed people will be rewarded in a monetary manner, which is highly illegal. I am sure you meant that the non-agents will be rewarded with a sense of goodwill. ;-) Thnaks for posting your prices on your properties.

I have shown Sunsational a few times before you purchased it. It is a very nice property.

Yeah, heavens forbid a non-real estate agent receive compensation for doing the same thing a real estate agent does: connect Buyer A with Seller B. Oh, the horror.

 

[Smiling JOe]

Re: Beach Houses For Sale

Yeah, heavens forbid a non-real estate agent receive compensation for doing the same thing a real estate agent does: connect Buyer A with Seller B. Oh, the horror.

I believe attorneys write the laws.

 

[Kurt]

Re: Beach Houses For Sale

<Split to new thread>

 

[The Telattorney]

Re: Beach Houses For Sale

I believe attorneys write the laws.

As I was saying, you are correct. Attorneys funded by the NAR and/or its PAC.

 

[Korean Houseboy]

Re: Beach Houses For Sale

I believe attorneys write the laws.

Or legislators. Either way, the ranguage is for sale.

 

[Smiling JOe]

Re: Beach Houses For Sale

Or legislators. Either way, the ranguage is for sale.

Legislators typically have staffer a staffer attorney writing the bills. As I said, I don't write the laws. I never said that I agreed with all of the laws either, but I do try to follow most of them. If you have a problem with the laws, don't ***** to me about it. Write your congressman.