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Updated about 10 years ago on . Most recent reply

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CJ D.
  • Glendale Heights, IL
4
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6
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'Bird Dogging' or selling leads

CJ D.
  • Glendale Heights, IL
Posted

Hello,

I am in the process of setting up my house flipping business, and have been doing a lot of research on which avenues to pursue when starting out. Wholesaling is obviously one,  and another is 'bird dogging', but there seems to be a lot of controversy on this subject as to whether it is or is not legal. I can't seem to find any definitive answer. I know that it appears to vary state by state, but even reviewing individual state policies, it continues to be cloudy.

With all do respect to everyone out there, I am not looking for opinions, but someone with actual legal knowledge as to the legality.  I am not a realtor, but I want to start my business off on the right foot. However, I do not want to shoot myself in the foot by eliminating a possible avenue of pursuit.

Thank you, and my best to all.

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5,703
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Chris Martin
  • Investor
  • Willow Spring, NC
3,446
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5,703
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Chris Martin
  • Investor
  • Willow Spring, NC
Replied

You are asking for a definitive answer to a legal question you have. Unfortunately, this social media web site dedicated to real estate cannot provide you an answer to your legal issue/question. I would suggest a local attorney well versed in your state's interpretation of 'bird dogging' (or 'finder's' compensation) and 'wholesaling' (routinely called unlicensed principal 'brokering' by some).

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