Updated over 6 years ago on . Most recent reply
Finders fee contract with seller??
Question for all you wholesellers!!
In the bayarea I have been having a lot of sellers not wanting to sign the purchase and sale or assignment contracts. They keep insisting that they sell directly to the buyer and will pay us a 10k finder fee. However, without any contracts signed this will not go well. This Bad news waiting to happen and also this is not how I want to do this business!
How do I go about this and should I have the seller sign a finder fee contract instead? What should I do!? Need help.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Well, then you are Clearly violating the licensing laws....if you care.