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Updated almost 7 years ago on . Most recent reply

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Dan Roma
  • Houston, TX
6
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72
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Wholesaler working with a broker

Dan Roma
  • Houston, TX
Posted
Hey guys, I just came across some wholesale deals and I was refered to a broker in the area. I spoke with her on the phone and to do my part, I sent her what I had. Next, I find out that she has to talk directly to the sellers. Now, I’m not jumping to conclusions quite yet but she said she will need to be creative in offering me a referral fee and she has to list only with the sellers. Did I just screw up? Btw, it was just land but still. Do brokers have the right to take your deal without offering you anything?

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Charlie MacPherson
  • China, ME
4,022
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Charlie MacPherson
  • China, ME
Replied

@Dan Roma Here in MA (and it might be nationwide) it is illegal for a licensed person to pay an unlicensed person.

As a Realtor, I'd rather walk away from a deal if it meant violating the law to get it.  It's not worth losing my license.

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