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Updated over 10 years ago on . Most recent reply

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14
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1
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Stacey Manley
  • Involved In Real Estate
  • Atlanta, GA
1
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14
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Referral Fees?

Stacey Manley
  • Involved In Real Estate
  • Atlanta, GA
Posted

Hello everyone! I"m having a little trouble finding this information in GA REC legislation. I recently passed my real estate exam for GA, but I have not found an agency I would like to work with yet. A friend of mine is looking to rent a home. Am I allowed legally to contact the homeowner and attempt to negotiate a finder's fee, considering I'm not under contract to represent the prospective tenant? I've read that it varies from state to state. Any information is much appreciated! 

Thanks, 

Stacey 

Most Popular Reply

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59
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30
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Thomas B.
  • Investor
  • Memphis, TN
30
Votes |
59
Posts
Thomas B.
  • Investor
  • Memphis, TN
Replied

Hello Stacey,

I would polity tell you to pound sand if you called me and I think most that don't have a property manager would. For many reasons but the main one is your asking me to pay you (XX% of gross rent (one year)) for someone's contact information. So no it is not the correct approach.

Most land lords are capable of getting people to call them that are looking for a place to live.

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