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#452848 - 06/01/16 08:38 AM Re: real estate percentage commission [Re: shana]
estatereal Offline
Major Contributor

Registered: 01/27/07
Posts: 2991
Loc: LAND OF THE FREE!
Originally Posted By: shana
No, you cannot "put a deal together."

but, the important question here is whether a "referral fee" to an unlicensed person is allowed in NC.


personally, i just sell vanilla real estate, nothing out of the box and typically hate any of htat investor crap as many can't perform on what they want to put on paper..but to answer.

op could offer to buy home for 100k. and sell his contract to the friend for 105k. very simplified way of explaining it, but it's done in my market all the time by the annoying wholesalers.

you are not at that point providing real estate services, buti nstead selling your contract. i'd get a lawyer to put it together for me if i were in op's situation and i could turn back the clock 2 years.

ps...did i mention i hate investors who try and do what i mentioned above...reason i hate it is because if htey cnat find someone to buy their contract, the deal becomes dead.

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#453532 - 07/22/16 05:27 AM Re: real estate percentage commission [Re: law]
John Herman Offline
Member

Registered: 07/10/16
Posts: 12
Loc: Illinois
Your percentage of commission is fine as per recent calculation. And off course its legal to work as broker. But thing is all your deals should be done under the legal property premise.


Edited by John Herman (07/22/16 05:27 AM)

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#453536 - 07/22/16 06:26 AM Re: real estate percentage commission [Re: John Herman]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7510
Loc: Vermont's North-East Kingdom
Originally Posted By: John Herman
Your percentage of commission is fine as per recent calculation. And off course its legal to work as broker. But thing is all your deals should be done under the legal property premise.


This thread is now Seven (7) years old . . . . but, without a License, it's still illegal !
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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