What States are "finders fees" legal in or if shorter illegal in for residential transactions without licenses ?

Asked by Help2me, Saginaw, MN Wed Nov 24, 2010

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4
Gerard Dunn, Agent, Chevy Chase, MD
Wed Nov 24, 2010
"Finders Fees'

Isn't this term just a means of someone justifying an illegal commission?

Unless you are licensed - in all of our states - you cannot receive a commission for selling real estate.

Some folks look the other way - and it should not be tolerated.....

Good Luck!

Gerry Dunn
Associate Broker
Serving Maryland, D.C. and Northern Virginia
703-216-9100
1 vote
Mack McCoy, Agent, Seattle, WA
Wed Nov 24, 2010
You aren't obliged to pay them, Help2me, and only licensed brokers can receive them. So if your hotel concierge is threatening to sue you for a finder's fee, they won't have any legal standing.
0 votes
Rodger Lecy, Agent, Springdale, AR
Wed Nov 24, 2010
Not in Arkansas...Only licensed agents are permitted to receive refferral fees.
0 votes
Nick Galiano, Agent, Metairie, LA
Wed Nov 24, 2010
"Finders Fees" of kickbacks are illegal in Louisiana. There can be referral fees from licensed realtors, but that is far as it can go. If you need any assistance with <a href="http://www.nickgalianorealty.com">New Orleans Real Estate</a>, then feel free to contact me at nickgaliano@aol.com.

Thanks,
Nick
0 votes
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