Profit Sharing

If we were to do profit sharing with FSBOs in Nevada, to include marketing the property, could that be considered acting as a RE Agent? If so, is there a way to work around this? Thanx...

Comments(2)

  • JohnMerchant10th November, 2003

    Anybody can deal with any property IF he/she deals with it as his OWN RE; in other words, YOU are on the title, or contract, with the right to assign same.

    Thus you are NOT acting as an agent, lic. or not & no problem dealing with your own props.

  • maggiems10th November, 2003

    Thank you John. So, we would have to have the property Deeded over to us? Or is just a contract acceptable? Thanx...

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