Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on TwitterFollow AgentsOnline on Facebook

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Good Idea!
Realtors residuals

Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28234533
No new orders today 13099160
Stupid MLS comments. 3274821
What do you know about Froy Candelario, top agent in USA 1187687
Stupid QC comments and BPO requirements. 1059804
New HUD Listing Brokers---Any Update? 1026650
Is there religious content in Buffini class? 821470
Let's talk about our cars 669613
Name that Flick. Great movie Lines. 601930
Pay it Forward - BPO/REO Tips & Tricks I & II 590910
Most common items found at an REO 573380
EML 459230
REOTRANS 439779
Main Street 418531
asset val seminar in colorado 406622
assist 2 sell or 1 percent realty? 340020
HOMONYMS - There, Their, and They're 306176
Evalonline 300102
Land America 285050
Mainstreet 261859
Matched Content
Page 1 of 2 1 2 >
Topic Options
Rate This Topic
#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?

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

Registered: 01/26/09
Posts: 3348
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.
_________________________
I can't. I'm going camping.

Top
#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


I love referrals!

Top
#405135 - 04/17/12 03:10 AM Re: real estate percentage commission [Re: law]
RIzwan Offline
Member

Registered: 04/04/12
Posts: 99
Loc: Pakistan
Oh :) Dude a very good opportunity to earn money has been given to you from your neighbor :rockon: , it's your first time i think it's just fine, you should not talk him about commission percentage.
_________________________
Carpet Cleaning | Duct Cleaning NJ | Steam clean

Top
#405144 - 04/17/12 10:22 AM Re: real estate percentage commission [Re: law]
Pikes Peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2799
Loc: FL
REQUIREMENT FOR A LICENSE (in North Carolina)
General [G.S. 93A‑1 and 93A‑2]
Any person or business entity who directly or indirectly
engages in the business of a real estate broker
for compensation or the promise thereof while physically
in the state of North Carolina must have a North Carolina
real estate broker license. In North Carolina, a real estate
licensee may only engage in brokerage as an “agent” for
a party to a transaction. Thus, a real estate licensee is
commonly and appropriately referred to as a real estate “agent”
even though the latter term does not actually appear in the
License Law……

Top
#405152 - 04/17/12 11:01 AM Re: real estate percentage commission [Re: law]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7678
Loc: Vermont's North-East Kingdom
Until this morning, this thread was more than two (2) years old.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#405193 - 04/17/12 07:43 PM Re: real estate percentage commission [Re: Vermont]
Scintillion Offline
Member

Registered: 01/26/12
Posts: 437
Loc: Colorado, USA
Originally Posted By: Vermont
Until this morning, this thread was more than two (2) years old.


Have to love it when the past is dug up, followed by useful and relevant information then discussed about it!


Edited by Scintillion (04/17/12 07:44 PM)

Top
#405219 - 04/18/12 07:07 AM Re: real estate percentage commission [Re: law]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7678
Loc: Vermont's North-East Kingdom
True; but we can't be too disappointed if the OP and his interest isn't resurrected. He's probably already done what he was going to do.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#405368 - 04/21/12 09:39 AM Re: real estate percentage commission [Re: law]
shana Offline
Major Contributor

Registered: 11/06/07
Posts: 1602
Loc: Nevada
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.

Top
#406193 - 05/04/12 03:27 PM Re: real estate percentage commission [Re: shana]
Brit16 Offline
Member

Registered: 05/04/12
Posts: 51
Loc: Texas
Wow....I wish someone would offer me this type of money for a service. As long as it was legal of course! :)

Top
#408332 - 06/09/12 09:33 PM Re: real estate percentage commission [Re: Brit16]
Dave23 Offline
Member

Registered: 02/19/10
Posts: 164
Loc: New York
and the conversation continues on the 2 year old dead thread..lol
_________________________
WNY Real Estate Investors Facebook Group

Top
#415544 - 11/10/12 11:46 PM Re: real estate percentage commission [Re: law]
davelemon Offline
Member

Registered: 08/26/12
Posts: 43
Loc: Vancouver, Canada
You cannot put the deal together...only when u are licensed

Top
#415592 - 11/12/12 02:22 PM Re: real estate percentage commission [Re: davelemon]
Malok Offline
Member

Registered: 08/18/07
Posts: 441
Loc: Kentucky - in a barn!
Originally Posted By: davelemon
You cannot put the deal together...only when u are licensed


Old thread, but this. smile

Top
#452816 - 05/30/16 12:02 AM Re: real estate percentage commission [Re: law]
Durise123 Offline
Member

Registered: 05/15/16
Posts: 45
Loc: Emirates, Dubai
No, you haven't right to take the commission.

First of all, You have no any agent licence. Without a licence it will be count as a illegal work. So be careful.

Top
#452841 - 05/31/16 04:40 PM Re: real estate percentage commission [Re: law]
mrstruesdell Offline
Junior Member

Registered: 05/21/16
Posts: 4
Loc: Florida
even though this is old im still going to reply. Legal smegal you tell your friend who is looking that you know someone selling. Tell them BOTH you make no promises on anything & DON'T SIGN ANYTHING. You hook them up & you get paid that simple. They are adults and can work the rest out.

Top
Page 1 of 2 1 2 >






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
temp, David Webb, BoomBoom68, webuyhousesfastf, Ann- HomePromise
29756 Registered Users
Who's Online
3 registered (MetroD, estatereal, 1 invisible), 66 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
estatereal 27
Mr. Clean 27
Long Walk 27
Trouble 21
RonnieEmz 17
Lucky Leonardo 17
Vermont 16
Danny1 12
Z06Fanatic 12
gitmonee 8
IPAMAN 5
Analog Man 5
COPYPASTE 5
David Hunter 5
Bigtoe 5
Featured Member
Registered: 04/03/17
Posts: 140
Facebook

How To Advertise Here


This site presented by RNC Internet Services