Posted by Rob FL on June 16, 1999 at 16:02:03:
I have been a broker for a few years. I do it part-time, as I still have a full-time job at a title company. If you are employed by a broker, you may have a conflict of interest if you are investing, unless your broker gets part of the commissions on your deals. This is part of why I am a broker, independence to act as I choose.
If possible, I would look at each prospect you deal with first from an investor’s point of view, and secondly from a realtor’s point of view. Meaning, if it is a good deal, you try and snatch it up before anyone else.
The whole thing about finder’s fees has been beaten to death in the past. You don’t really need to be concerned with RESPA as you do with your state licensing laws. That is what prohibits “finders fees”. Look the law up for yourself www.findlaw.com. Maybe some others can shed some light for you. I don’t know of any way around it myself other than breaking the law. Most state laws don’t care whether you are licensed or not in regards to “finders fees.”