Compensating non-agents for sending real estate investment deals

Compensating non-agents for sending real estate investment deals

Real Estate Broker · Jupiter · Member since 2024 · 10 posts · 4 votes

Is there any legal way to compensate someone without their real estate license for sending you a real estate deal (wholesale, flip, etc.)? There is an option to give equity, but I do not love that option in all cases. By the way, I am in Florida.

Thanks!

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Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
2y

Of course, you can pay them a referral fee.  It can be a line item on the buyer's side closing statement.  You can do a side agreement between you and the person who is referring it, and they can submit an invoice to escrow. Feel free to reach out if you need help on that.

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  • Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
    2y

    Of course, you can pay them a referral fee.  It can be a line item on the buyer's side closing statement.  You can do a side agreement between you and the person who is referring it, and they can submit an invoice to escrow. Feel free to reach out if you need help on that.

  • Investor · Tampa, FL · Member since 2019 · 1k+ posts · 1k+ votes
    2y
    Quote from @Bryant Brislin:

    Of course, you can pay them a referral fee.  It can be a line item on the buyer's side closing statement.  You can do a side agreement between you and the person who is referring it, and they can submit an invoice to escrow. Feel free to reach out if you need help on that.


     You could also label it as a finder's fee or marketing fee. Make sure you have an agreement in place. 

  • Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    2y

    This is a lawyer questions because you can't generally pay a fee. 

    Here in California, we get free general legal advice. Maybe there is one in Florida.

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