How Do I Get Paid For Referrals?
Hi all,
I am in a deal with a guy looking to wholesale but he is looking for a buyer. I am providing a buyer for a referral fee. I need to draw up a contract or agreement for this. How do you recommend I do this?
An answer for this would be a great help and I am trying to have it done by tomorrow.
Most Popular Reply
Assuming you / the property is in CA, you need to be licensed to receive fees for bring buyers and sellers together. You stated you and a "partner" are together on a deal and you are bringing the buyer which leads me to believe that the other guy has the deal under contract and you have the buyer. To be paid for that service, you are required to have a license in CA.