Legal Question in Real Estate Law in Utah

I have the opportunity to become a real estate deal finder for a private investor. In return the investor said he would pay me a finders fee. I looked up Utah real estate laws and I could only find a finders fee law that pertained to a licensed individual paying a finders fee to a unlicensed individual. So my quesion is, since neither I nor the private investor are licensend brockers or real estate agents, can the investor pay me a finders fee legally?

Thanks in advance for insight you might provide.


Asked on 3/16/10, 12:04 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

He can pay you a finders fee. Make sure you have an agreement in writing that details when the fee is payable and all terms.

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Answered on 3/21/10, 3:43 pm


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