Legal Question in Real Estate Law in Florida

Is finding a piece of real estate for a buyer and being given a finders fee by the buyer legal?

I researched and found a property for a buyer and put him in touch with the seller and he bought the property and is closing and the title company attorney is telling me that is illegal. I am not realtor and can not receive a payment for that service.

I am a licensed GC and could invoice them a consulting fee however, she said. But it could not be based on commission, it would have to be hourly or flat fee based.

Please tell me if I can earn the fee in my name and be paid on the HUD? I do not do any service that could be construed as realtor based service.

Thanks


Asked on 7/08/14, 3:20 pm

1 Answer from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

As long as you have a written agreement and it is not payment for real estate commission, you are entitled to receive your fee. I don't think the funds are properly shown on a HUD, it sounds like a personal contract between two individuals. You should be paid directly by the buyer.

Read more
Answered on 7/09/14, 6:33 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida