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#313951 - 11/15/09 08:10 PM real estate percentage commission
law Offline
Junior Member

Registered: 11/15/09
Posts: 2
Loc: North CArolina
IM NEW BUT IM NOT A AGENT.

I HAVE A SCENARIO...

My neighbor wants to sell his home. I know someone looking for a home. He says he’s willing to pay me a 5,000.00 fee, if I put the deal together. I’m not a licensed real estate broker. It is ok since I’m not charging a percentage commission?

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#313954 - 11/15/09 08:28 PM Re: real estate percentage commission [Re: law]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2868
Loc: Old Dominion
No difference b/w a flat fee ot a % if that is your question. Compensation can be in Gazoos or lightbulbs or dollars.

Is it legal? Consult an attorney. Is it wise? I say no. What are you going to do for your fee? Do you know what you are doing? Who are they going to blame when things go wrong, and they will. Who do you work for? If the buyer and seller go different ways, will you still be able to be on good terms with them? Things for you to consider.


Edited by Doin' bpose (11/15/09 08:31 PM)
Edit Reason: added thought.
_________________________
Life's not fair.

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#314745 - 11/21/09 10:49 PM Re: real estate percentage commission [Re: Doin' bpose]
Viktor Offline
Veteran Member

Registered: 09/23/07
Posts: 874
Loc: Dallas, TX
You can not sell real estate if you are not licensed, just find different reason to take the money, may be as marketing consultant etc.
_________________________
Viktor Taushanov
William Davis Realty
Dallas, TX
http://homesforsaleindfw.com
http://northdallas.blogspot.com
Viktor.RealtyBG@gmail.com
http://www.linkedin.com/in/viktortaushanov


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