Company Minority Owner/ Real Estate Broker

[mattsmulligan]

I own 25% of a company that is going to be purchasing business and real estate in other states.

Can I ask for a referral fee paid to my brokerage? Do I have to have an agent involved if I'm an owner? Do I need to find someone to write up the paper work and take a referral fee?

Pretty easy duty for the in-state agent, exclusive buyer and already identified properties for sale.

How would you handle this?

 

[Zigner]

This would likely be state (and county/city) specific.

 

[mattsmulligan]

Right... Every state is different. We are hoping to just represent our selves and at least collect a referral fee. Just trying to see if any pro's out there have advice on how they would handle it...

 

[Zigner]

Right... Every state is different. We are hoping to just represent our selves and at least collect a referral fee. Just trying to see if any pro's out there have advice on how they would handle it...

Are you asking if there are any pros that would have experience in every possible municipality that you may be considering operating in?

Your question is too broad for an internet forum.

 

[mattsmulligan]

No... Just looking to see what opinions are out there if they were in my shoes...

 

[justalayman]

where do you see your company in place to get a referral fee? Are you saying your brokerage is not the entity purchasing the properties?

if that is the case, as a broker, you should already know this or know where to find it without asking a bunch of strangers on an internet forum.