Protection Of Fees / Commissions
I am in the process of putting a buyer (private investor) together with seller in a large real estate development project. The sellers are actually assigning their rights to a property they have under contract.
I am working through the investor(s) broker, providing them with the due diligence the sellers have compiled during their contract period.
My question is how do I insure my fee? What sort of agreement / contract do I need? and with who (investor(s)?, Investor(s) broker, or the sellers)?
Record a memorandum of agreement which spells out how much your fee wiil be, and all the basic terms and conditions of the contract between you the investor and the seller.
[ Edited by Darryle-CA on Date 09/02/2005 ]