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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] It varies from state to state... Posted by Ward-CA- on March 28, 2004 at 7:55 AM In Reply to: Re: Finder's fee arrangement posted by Chuck Williamson on March 28, 2004 at 6:20 AM : I had a Georgia realtor tell me that an individual : must be a licensed real estate agent or broker to : be able to receive a finder's fee on sale or lease : of real estate. Is this true (in most states)? : I see an awefull lot of apartment complexes paying : substantial referral (finder's ) fees for tenants. : Thanks, : Chuck ========================= Chuck, There's no uniform approach to the practice of paying finder's fees in the real estate arena from state to state. Here in CA the rule is that a finder's fee is legal as long as the finder does nothing more than introduce A to B. In this state, a finder cannot negotiate any of the terms of a real estate transaction on the behalf of someone else without having a real estate license. It's my understanding that in other states a finder's fee is not permitted under any circumstance. So you need to call your state's department of real estate and inquire what you state allows in this area. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I had a Georgia realtor tell me that an individual : : must be a licensed real estate agent or broker to : : be able to receive a finder's fee on sale or lease : : of real estate. Is this true (in most states)? : : I see an awefull lot of apartment complexes paying : : substantial referral (finder's ) fees for tenants. : : Thanks, : : Chuck : ========================= : Chuck, : There's no uniform approach to the practice of paying finder's fees in the real estate arena from state to state. Here in CA the rule is that a finder's fee is legal as long as the finder does nothing more than introduce A to B. : In this state, a finder cannot negotiate any of the terms of a real estate transaction on the behalf of someone else without having a real estate license. : It's my understanding that in other states a finder's fee is not permitted under any circumstance. So you need to call your state's department of real estate and inquire what you state allows in this area. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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