Drew asked:
I run a small fsbo website and have recently been approached by a local realtor that would like to pay me a referral (% of sale) for any buyer or seller leads I send to them that result in a sale. I am not a licensed realtor/broker. Sounds like something worth trying if it’s legal. I think other BIG FSBO websites are doing this, just not sure how. Are they licensed?
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I run a small fsbo website and have recently been approached by a local realtor that would like to pay me a referral (% of sale) for any buyer or seller leads I send to them that result in a sale. I am not a licensed realtor/broker. Sounds like something worth trying if it’s legal. I think other BIG FSBO websites are doing this, just not sure how. Are they licensed?
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Paying a non-registered person for a referral is illegal. A referral fee can only be paid to a registered brokerage.
Yes, some large FSBO sites are owned by Realtors.
Check local law.