How can I collect a finders fee for bringing a buyer to a realtor?

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How can I collect a finders fee for bringing a buyer to a realtor?

I can bring a qualified buyer to a realtor and I’d like to collect a commission for doing this. The realtor says he has to get the referral through a real estate referral company. Can an LLC act as real estate referral company and collect a commission from the realtor for bringing him a buyer? Or does the “real estate referral company” have to have / be a licensed realtor in the state? Info on the Internet seems to point to the need to be a licensed realty professional; other info says I can be a consultant. How can I collect a commission by bringing a buyer to the realtor?

Asked on November 7, 2011 under Real Estate Law, Washington

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

To actually share or split the commission with you, you would have to a licensed realtor. IF the realtor wants to pay you something for bringing him a qualified buyer, there are undoubtedly a number of ways he could structure it so as to pay you a flat fee--as you note, he pay you a

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

To actually share or split the commission with you, you would have to a licensed realtor. IF the realtor wants to pay you something for bringing him a qualified buyer, there are undoubtedly a number of ways he could structure it so as to pay you a flat fee--as you note, he pay you a


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