All Forum Posts by: Dan Krause

Matt: What state are you in? Because i always get a brage of replies on here telling me that for an unlicensed person (bird dog) to recieve a commission for locating a property is illegal in most states. I contacted a real estate lawyer in my area the other day and he told me that in Michigan property finders cannot recieve a commission (albeit St6ate of Michigan).Granted-these are commercial property deals that are active with myy buyers. Have any of your bird dogs had negative experiences with local laws. Let me know Matt. Thanks, Dan Krause

:pup: Can this be done? Thats where i am at right now.I have 2 (maybe 3) active deals being reviewed By 2 different buyers and two different sellers.I found properties my buyer/investors were looking for and now i am kind of apprehensive because of the whole uncertainty of local real estate laws (even though the sellers and buyers are in seperat states) concerning finders fees (bird dogs).. No written contracts were exchanged at least on my part yet and a couple of the buyers are sure they want to close a couple of these properties.Is there anyway i can turn this into a wholesale deal at this point? Since there don't seem to be any local or federal laws preventing real estate wholesaling.I'd hate to give up on a good commission that has been offered to me-wouldnt you? Any advice would be appreciated. Thanks, Dan

:D Do you have to have a realtors license to wholesale properties and assign contracts? In most states?

:D I mean is there a difference between an Interstate bird dog and an Intrastate bird dog?

If you have a buyer and seller on opposite sides of the USA would your own local real estate laws apply to the deal if the deal itself closes in a separate state :D

:pup: Can an e-mail in and of itself be used to assign contracts (as a wholeslaer to your buyer and seller)? Would that e-mail be legally binding? I ask because in some business other than real estate a simple e-mail can be used to confirm a business transaction. But the laws for real estate are different. Can a wholesaler use simple e-mail to assign contracts? Thanks, Dan

:pup: CURT: Thanks for your very prompt reply. I have to set up a consultation session with a real estate attorney in a couple of days to ask just this question.Iam in Michigan and dont know for sure yet-but many members on this forum, as opposed to you, think it is illegal in many states to collect a commission for being a bird dog.I had read something on another BP thread about "Information Finder" being a more legal kind of service instead of real estate bird dog and getting a fee for it.According to them the real legal cather is when you, "connect" a bujyer and seller-you have to do as little negotiating as possible Thanks, Dan

:pup: For legal purposes and depending on which state your in-would it be better to sell yourself as an "Information Finder" (locator) as opposed to calling yourself a real estate bird dog? Thanks, Dan

:pup: I would not designate myself as the :"introduction agent"-it would have to be something other than that?

:pup: Carlton (or anyone): I like your idea best. Bot for tax and income i.d. purposes i would have to designate myself as a "real estate bird dog", "property finder" or anything else anyone can think of?