finder's fee

With this type of deal you will need two contracts. The Real Estate Purchase contract is the one you do with an agent, and then you need to get an assignment of contract contract to fill out with the end buyer. Just make sure you have all the conditions on the real estate purchase contract that will protect you.

Also, when you are doing Assignment of Contract, you will do all the front end work, find the property and negotiate the price, as well as make the offer. Once the offer is accepted, you will contact end buyers/investors who may be interested in taking over the contract. When you negotiate the price, you are not only negotiating for yourself but the end buyer you assign. When you assign it over, you assign the original terms of the contract, nothing can be changed but they buyer.

Hi Everyone

In the State of Connecticut it is against the law for any Realtor or Investor to pay someone a "Finder's Fee'. Now, from what I have been told this also holds true in some States as well. So, please check with your local Realtor Board to find out if they allow someone to pay you a "Finder's Fee" for locating property for them.

The all around best place to find info about a particular state will be with a Real Estate Attorney or call your capital and talk with the Secretary of State. Which is an attorney. The Board of Realtors has nothing to do with receiving a finders fee. the Board of Realtors mandate what commissions are being paid and they are paid from the proceeds. A finders fee is paid by the buyer and not financed.

illegal, but there are ways you can get around this, you guys know that right?

I am totally confused now!!! I'm going tomorrow with my realtor and a cash iee buyer and thought all I needed was my finders fee contract. Now I need 2 contracts? The Real Estate Purchase contract also? Is the same contract as a purchase agreement? I'm gonna end up loosing this deal I know it. These forms and contracts got me all screwed up.Can anyone explain this? I contacted the sucess team and they didn't mention anything about a purchase contract. They just said use a finders fee contract.Are these forms the same purchase contract and purchase agreement? We the investors dont fill the purchase agreement out anyhow do we?

So do realtors have the Assignment of Contract? Obviously they have the prior purchase agreement. Is that also what you would fill out to lock the contract up? Or is this another form? Going to go look at deans contracts.