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#455778 - 12/07/16 11:44 AM If I refer a foreign investor who buys a house, can I negotiate for 3%?
nomadic Offline
Junior Member

Registered: 12/07/16
Posts: 1
Loc: Kansas City
I am not a real estate agent. I know a foreign investor who does not speak English. My wife and I are acting as a liaison between listing agents and the investor to translate information and help him find a house. When he decides to purchase a house, can we legally negotiate 3% of the purchase price from the listing agent, assuming there is no buyer's agent to take that 3%? The foreign investor is fine with this, but we are not sure if it's possible since we are not agents. If it is not legal, could the 3% take the form of a referral fee instead of a real estate commission? Thanks!

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#455779 - 12/07/16 12:35 PM Re: If I refer a foreign investor who buys a house, can I negotiate for 3%? [Re: nomadic]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7911
Loc: Vermont's North-East Kingdom
In most jurisdictions, like Missouri and Kansas, you need to be a Licensee to collect a Commission or a Referral Fee at Closing. Otherwise, no one would become licensed !

Maybe your Friend could just gift you some money; or you should obtain a License ?
_________________________
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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#459038 - 09/10/17 12:06 PM Re: If I refer a foreign investor who buys a house, can I negotiate for 3%? [Re: nomadic]
RPR Offline
Member

Registered: 06/08/17
Posts: 32
Loc: Delaware, United States
you need to get licence to get commission or referral fee for real estate
_________________________
Property Preservation Processing Services -
rprservices.com

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