1,552,928
No commission without a RE license.
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John Juarez
Fremont, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Joseph Domino 480-390-...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
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Thomas J. Nelson, REAL...
La Jolla, CA
2,456,009
I believe in my state, attorneys need to obtain a valid broker license (but don't need to take the classes) in order to get a real estate commission/do real estate. You'd need to check with the Department of State re: the laws in your state.
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Sam Shueh
San Jose, CA
-
Eve Alexander
Tampa, FL
-
Nina Hollander, Broker
Charlotte, NC
3,349,229
Check with your state laws.
As far as I know one needs an active real estate license or broker license in order to be paid "commissions".
A licensed attorney can practice real estate. That is different from transacting real estate that requires a license.
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John Juarez
Fremont, CA
-
Clay R. Seay
Saint Augustine, FL
-
Michael Jacobs
Pasadena, CA
5,111,821
If the license is inactive, I doubt it. You would need to check further as to regulations in your state.
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Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
5,060,238
Depends on the laws in your state. I don't believe an inactive licensee is legally able to receive a commission.
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
1,056,097
What guidelines?
Did the attorney ask for a co-op? Did you offer one? Do you want to give one?
Will he make your job easier or harder? Our local attorneys are usually cream puffs and I've seen them both ask for and decline a split.
In AZ, attorneys don't need a RE license to conduct transactions. Correct me if I'm wrong, Zonies.
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Candice A. Donofrio
Fort Mohave, AZ
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Lyn Sims
Schaumburg, IL
4,581,818
In our state it depends if the person has a valid real estate license.
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
3,071,489
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D nailed this one!
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Thomas J. Nelson, REAL...
La Jolla, CA
1,241,754
Broker license status active. BTW Last time I received an offer from a attorney with two pages of conditions, stipulations. One says his liability is limited to 15K. Want this and that.... Blah blah blah.
This was a no brainer, rejected.
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Michael Jacobs
Pasadena, CA
5,237,958
Is he licensed? If yes, cobroke. If not, no way!
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Michael Jacobs
Pasadena, CA
3,383,384
The license has nothing to do with it in an attorney's case. In our state, attorneys can practice real estate. Getting paid the co-broke by the MLS is another matter. Not to my knowledge. They are not members of the MLS.
Don't fret. They are attorneys. I am sure they have overbilled their client for their help.
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Michael Jacobs
Pasadena, CA
5,877,179
4,959,192
1,322,519
In California, I have paid an attorney a referral fee for a listing client because the attorney was also a licensed real estate broker. It is my understanding that fees/commissions can only be paid to/through brokers.
420,003
In your state he has to have his license up here: The Massachusetts Office of Consumer Affairs and Business Regulation website in order to get paid. He can help them and advise them all he likes but he must apply and have the license to co-broke. sounds like a headache deal
6,416,169
4,800,132
4,900,085
921,504
I would advise the seller an attorney is representing the buyer in the capacity of a real estate agent.
It will never advance to a co-broke situation.
852,862
3,986,308
NO...in fact I do not let anyone that is not with a licensed agent look at a house. Not even one that is an atty.
788,302
In all jurisdictions, an attorney can practice real estate law and preside over real estate transactions, just as a broker can. However, an attorney without an active broker or agent's license can not receive commission and is limited to fees, only.
1,712,776
765,973
92,082
4,434,177
2,684,569
They must hold an active real estate license to earn a real estate commission.
They can, as an attorney, charge fees for preparing contract and other paperwork. The buyer could ask the Seller to pay those legal fees. The seller could then ask you the Broker to reduce your commission accordingly.
1,505,863
7,862,342
Follow the guidelines in your state and your agreement with the attorney.
In our area, we do not pay referral fees to an attorney.
5,583,328
you should ask him if he's acting as their buyer's agent and their attorney.... he CAN collect a commission....all attorneys, in MA can writing to the state house and receive a license....
in the past, I did several deals with attorneys who were buying my listings for themselves and collected a co-broke fee...they had a license....
1,846,851
5,253,385
Not in my states (NC & SC) could someone with an inactive license be paid commission but, I don't know about your state's laws, Praful.
715,632
In our state, the attorney is not entitled to a commission - also they are not a member of our MLS which is the only assurance any agent would have to be paid a co-op broker fee. Only licensed real estate agents are entitled to be paid a commission for a real estate transaction.
5,772,575
In California, they are eligible. I have no idea what your state says. A
544,014
716,529
Maybe. In AZ, the attorney would need to have a valid real estate license (licensee) parked with a broker. The co-broke goes to the broker who would then pay the licensee (attorney).
If the attorney is not licensed - than NO. Not even a referral fee. SOL.