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Chris Harris, Real Estate Pro in Chicago, IL

Is it legal for a non-licensed individual to sell buyer and seller leads to a licensed professional?

Asked by Chris Harris, Chicago, IL Sat Dec 15, 2012

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Answers

4
Think of all the businesses that would close their doors if that were the case.
As others have stated, you can sell all the email addresses you want and label them leads.
Now, what should be done with those gullible enough to buy them?

Best of success,
Annette Lawrence, Broker/Associate
Remax Realec Group,
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Sun Dec 16, 2012
You can sell anything to anyone that doesn't require licensing and this does not as long as the lead-seller does not get involved in licensed activities. The more curious question i have is why would a licensee buy leads from such a source?
0 votes Thank Flag Link Sat Dec 15, 2012
It is not illegal to sell leads to licensed professionals. The confusion comes in because it is illegal to give referral fees from a licensed individual to an unlicensed individual.
0 votes Thank Flag Link Sat Dec 15, 2012
Why would they need a license to sell leads to someone? If they're asking for a referral fee then yes, but if it's just selling the lead then no. All sorts of companies sell leads to real estate professionals that are not licensed. Great example is the platform you wrote this question on - Trulia sells leads to agents every day and they do not have a real estate license.
0 votes Thank Flag Link Sat Dec 15, 2012
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