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Buying or Selling a Home/collecting a finder's fee in new york

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Expert: - 7/9/2006


Question
Does one have to have a real estate license, broker's license, or some other type of license in order to collect a finder's fee for a real estate transaction? If year, are there any other types of fees an outside party could collect on a deal other than a finder's fee that would not violate any licensing requirements.  

Answer
Just call up or sit down in the office of a REAL ESTATE attorney and ask. I cannot say for sure, for New York. Some places call it a bird dog fee. Some require that you ONLY introduce the agent to the buyer or seller BUT DO NOTHING ELSE. In that case you may receive a reference fee.

But like I said, talk to a New York REAL ESTATE attorney to make sure.

I do wish you well.


Dick Dennis in CA          Dixiedee13@aol.com  

Buying or Selling a Home

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Dick Dennis

Expertise

With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.

Experience

Solving real estate problems for 37 years.

Organizations
National Association of Realtors

Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers

Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate

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