Legal Question in Real Estate Law in Colorado
Real Estate Deal
I'm an investor and have a client, actual seller, with a portfolio of close to $ 1 billion dollars in real estate. I have found a buyer, not actual but intermediary like myself, who has an interest in purchasing. How do I protect myself, my source and make sure I'm not inched out to the deal and get paid?
Thank you in advance for your help
1 Answer from Attorneys
Re: Real Estate Deal
The only way is through some sort of a finder's fee agreement between your client and you that is a flat fee based on the deal. As you probably know, only brokers can share commissions, which means that ultimately you must look to your client for your compensation. The agreement should also specifically identify the buyer intermediary in order to lock in any deal done through the intermediary.
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