When talking about real estate referral fees, you need to know that these fees are not legally available for those without a license. Referral fees help bring better and more business to various brokers. If you try to get a referral fee without a real estate license, you can get in trouble. Many government and real estate agencies can chase you down once they find out.
Even bird-dogging walks a fine line, and you can get accused of asking for a referral. A bird dog usually helps bring real estate opportunities to investors, and they ask for a finder’s fee in return. This practice is ill-advised and can lead to trouble.
If you’re interested in taking advantage of referral fees, it’s best to study at a school and acquire a license
. It may take some time, but it also provides an opportunity for you to pursue a career in real estate as a result.