All Forum Posts by: Stephen Steric

Still looking for 30 more tickets!!! For all of us!!! C’mon admins!!! 805-727-1060

Hey this seems like a long shot now with how many posts there are with people looking for tickets. I’m looking for 30 tickets!!! One for every person in this thread hahahaha!!! But seriously, I just need a ticket for myself… and everyone else here! Can the admins just expand the event for us?! Pleaaaasse :))

Hey hey, guess I missed the registration and now it’s sold out. Anyone have a ticket that can’t make it?

Just to clarify, I have a license and it is active, just not hung with a broker. 

 A fee based on the sale, a commission, is if you're performing licensed activities like writing offers, RPA's, doing showing, etc.

Maybe it’s the same company?!

So after much research.

On regular open market deals: It’s 100% legal in CA to receive a referral fee if you’re licensed and not with a broker.

If you’re not licensed, it’s 100% legal to receive referral fees if the deal is all cash, or investor buyer, or seller financed.

So now I’m trying to educate this huge nationwide wholesale broker on CA law :/

So now I’m trying to educate this huge nationwide wholesale broker on CA law :/

So after much research.

On regular open market deals: It’s 100% legal in CA to receive a referral fee if you’re licensed and not with a broker.

If you’re not licensed, it’s 100% legal to receive referral fees if the deal is all cash, or investor buyer, or seller financed.

I haven’t hung my license with a broker for a number of years, and I’m getting back into some wholesaling and referral type deals. I have one wholesaling company that won’t pay a referral fee to an unbrokered licensee, even though the California DRE says it’s OK to receive referral fees as long as you don’t do any licensed activities.

So I need to hang my license with a broker in order to receive my referral fee on this deal that’s in escrow.

I basically just need a broker of record to receive the referral fee and then pay me out, and occasionally take a listing here or there if I get one.

or are they way off base on this one?

any suggestions would be greatly appreciated, thanks

I haven’t hung my license with a broker for a number of years, and I’m getting back into some wholesaling and referral type deals. I have one wholesaling company  that won’t pay a referral fee to an unbrokered licensee, even though the California DRE says it’s OK to receive referral fees as long as you don’t do any licensed activities. 

So I need to hang my license with a broker in order to receive my referral fee on this deal that’s in escrow.

I basically just need a broker of record to receive the referral fee and then pay me out, and occasionally take a listing here or there if I get one. 

any suggestions would be greatly appreciated, thanks