Posted by JohnBoy on February 15, 2002 at 10:40:21:
You don’t need a license to flip when you are the principal entering into a contract and flipping your interest to another buyer.
But I think the question was referring to being a bird dog where they would just find properties and get paid a fee for referring it to other investors. Where if they buy it they get a referral fee.
That would require a license. Only, who is going to tell about it??? The only down side is if the investor buys the property and stiffs the bird dog, their agreed upon fee would be unenforcable if they weren’t licensed.
Wouldn’t that be correct?