Charging Finder’s Fee – Need License? - Posted by Rich
Posted by Rich on February 22, 2001 at 12:20:25:
Just suppose I were to comb the listing of various realtors to find a property of a specific type and price range for a potential buyer - house, lot or whatever, and then charge that potential buyer a percentage of the asking price as a “finder’s fee” should he/she purchase the real estate. Here’s the question: can I do this without having a real estate license?
I am assuming that since I am not listing the property or taking part negotiating for the property I would not need a realtors license. Am I right? Just don’t now. All I would really be doing is showing the buyer where the deal is he/she is looking for and pointing them to the realtor or individual who has the property type they are looking for, and collecting a “finders fee” for this service.
So, do I need a real estate license to do this and to collect a finders fee?
Thank you – your insight is apprectiated!