I am a new REI and wanting some Bird Dogs/Wholesellers to work for me to bring me some good deal. The problem is … where do I find them? Or how do they find me? This is a good site, but there no tool to meet up people. I think there should be a forum to meet other ppl.
If I’m not mistaken, Bird dogging carries a $1000 fine in Texas. The only way to legally pay a referral fee is if both parties hold real estate licenses. The other legal option is to make them a principal in the transaction. Feel free to verify this.
There hasn’t been a judgement against someone yet for birddogging. Even certified real estate lawyers disagree. There’s been many debates on whether you’re selling a property for someone else.
Anyone can locate a property and provide details on it, then get paid for their time. A license is required to represent someone else. It’s still up in the air only because the rules aren’t black and white on it, but people locate properties for pay every day. They’re not selling, managing, or representing any of the parties.
you are getting very predictible. I think you have said the the samthing for most bir dog question. Would you please site me a law in Texas or anywhere that says that people are not allowed to find properties and pass them up who can buy them?
How is this think not ethical? Bird Dog is not taking advantage of the seller who is trouble. He is just getting paid for his effort…
My area is north Dallas, plano, Richardson, Garland…
Sorry if I am predictable. I was just trying to help. If I am not mistaken and I am not an attorney, the Texas Real Estate License Act prohibits brokers from sharing fees with anyone not licensed as a real estate broker or salesman in Texas or any other state. See Section 15 (a)(6)(F) and Section 14 of the act.