Need help with a contract

[Shaeida M.]

Hello BP family!

I'm a newbie and I don't own a company. However, I want to broker a deal. Party A is looking for a 25,000 sq ft property to place his gym/ wellness center. Party B has a commercial property that would be great.  I took party A to the location and he's ready to place an offer. I spoke with Party B and he said he will pay me a finders fee if the deal goes through. What type of contract should I provide to ensure I receive the finders fee and the deal is not processed without my knowledge? Thank you!

[Mark Creason]

Shaeida,

Are you a licensed active agent or broker?  If you are attempting to collect a fee for providing a real estate service without a license, you could end up with a significant number of problems.

Mark

[Shaeida M.]

@Mark Creason   Thanks for replying.  For more understanding, how would my business transactions be different from a wholesaler or a person who finds real estate referrals for brokers. None of the above requires a license in order to collect a fee. The last thing I want is to engage in illegal business through lack of knowledge.

[Wayne Brooks]

If you bought the property, then resold it, you wouldn't need a license.  For facilitating a lease for a fee, you need a license.

[Shaeida M.]

@Wayne Brooks, thanks for breaking it down.