How do I know if I need a license or not?
If I find a buyer, and I find a seller and put those two in touch and sign a NCND to get paid, is that legal?
I'm not investing or selling anyone else's property, but more or less just getting the buyer and seller in touch and they create the deal.
I would REALLY like any kind of advice that anyone could give to me on that!!
What's a (NCND)? Please explain so i can help you with your question.
Non-Compete, Non-Disclosure contract. Its a standard birddog contract that you would have someone sign so that they can't go around you on a deal.
There is quite a bit of debate about this whole topic, but my personal understanding is that birddogging actually violates most state's real estate licensing laws. So the problem with the NCND is that it is probably not legally enforceable in a court of law. Most state's require you to have a real estate license to buy, sell, list, or find property for someone else.
I personally would recommend either working with an investor that you strongly trust or just wholesaling the properties.
Thank's for clearing that up for us Ryan.