RentToOwn-HouseFinder.com
Do you need a broker to put a lease optioner with a seller down the road?
i am not licensed. i like a plan i found to give a truly good lease option to one person and a fair deal to the seller. I just introduce them. If the seller likes the party, they agree and sign a contract to lease with an option to purchase 12 mo to 24 months down the road. I would be paid out of the money collected as the move in fee from the person leasing. i have seen people working with one non-licensed person and a realtor sales person. some say you need a broker in the mix and the realtor says "I am not selling the property or renting it. I am introducing them."
Public Comments
- That is illegal if you are not a licensed agent. If you did it privately, it probably would never be found out but I cannot imagine any broker is going to cooperate in this scenario as you have stated it. You are basically being paid a real estate commission, doesn't matter that you call it something else.
- This sounds like skating on the thin ice of the licensing laws. You'd best talk to someone who is knowledgeable about the laws in your state.
