Question about Finders Fee...

[Mike Anderson]

Hi All,

I imagine this topic has been posted here before, so I apologize in advance. I understand this is not a legal forum but would like to hear from experience investors.

What is the best way to handle finders fees; i.e if you have an associate looking to move a property and you bring her a buyer, how do you receive a fee and protect yourself in the process?

I have heard it is best to put an option contract on a property your associate is trying to move, but can you do that if your associate is trying to wholesale the deal? And how are you paid if use an option contract? Is that a viable option?

Any insight is appreciated.

Thanks.