Legal Question in Real Estate Law in Oregon
Realestate
How can I structure a fee on a property thats listed with out being a licensed agent, this is a commercial property I have a buyer,
1 Answer from Attorneys
Re: Realestate
You can not do so. Oregon law is quite strict in prohibiting individuals from engaging an activity which requires a real estate license without having one. Asking for or being paid any kind of "finder's fee" or other renumeration is a violation of the law.
Oregon requires a license for any "professional real estate activity" which includes (among other things):
(a) Sells, exchanges, purchases, rents or leases real estate;
(b) Offers to sell, exchange, purchase, rent or lease real estate;
(c) Negotiates, offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate;
(d) Lists, offers, attempts or agrees to list real estate for sale;
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(j) Assists or directs in the procuring of prospects, calculated to result in the sale, exchange, leasing or rental of real estate;
(k) Assists or directs in the negotiation or closing of any transaction calculated or intended to result in the sale, exchange, leasing or rental of real estate;
(L) Except as otherwise provided in ORS 696.030 (1)(L), advises, counsels, consults or analyzes in connection with real estate values, sales or dispositions, including dispositions through eminent domain procedures;
(m) Advises, counsels, consults or analyzes in connection with the acquisition or sale of real estate by an entity if the purpose of the entity is investment in real estate; or
(n) Performs real estate marketing activity as described in ORS 696.600.