Legal Question in Real Estate Law in California

Re: Finder Fee Agreement

I do not know. Most forms are very general so merely give you the courage to prepare something more elaborate.

basically it is going to say "If the following occurs then I agree to do the following other things" Then made a list of what you want from a referral, the dangers, how the person should be compensated [percentage of paper profit, etc., with an incentive to bring you better properties, or give them a small part of the property so that is can be considered a capital gain and not ordinary income, so the taxes are reduced in half--does not cost you anything if given only ownership without right to decide how parcel operated, sold, but gives the other person more and ties them to you more]. When you make the final of the list, put a space for both of you to check if it will apply so you do not have to retype the form each time, it is clear what does not apply as well as what applies, the other person understands you are not forcing him to do everything you might, etc.

Go to some books on real estate and see what might be included. Since you are planning on making a nice sum of money on this business, once you have the form together, go to either a contract or real estate attorney and pay a few hundred dollars to avoid the possibility of any future legal action or loss of the property. If the form is really good, consider selling it to others doing the same type of business but outside your geographical area of purchases.