Updated about 8 years ago on .
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Legality of paying a sum to the previous owner when I sell
I'm working on a deal right now, the seller wants 100k and I want to pay 90k. However the seller has agreed to take the 90k so long as they get a percentage of the profit I make when I sell the property. We both have agreed to this.
Would this be considered unlicensed real estate activity, whats your take?