Listing agreement for out of state property

[REbuyersgroup]

Does anyone have a listing agreement I can use for out of state property? I have a developer in Georgia that wants me to sell his land. Since I do not hold a GA license, he will not be paying a commission, but will pay a referral fee, that just happens to be the same amount as the commission.

Just need to get it all in cozy writing so I don't get hosed.

[tarheit]

You also need to make sure that you are legally allowed to sell is land. Some states allow sale of property in adjacent states, some do not. Sometimes it matters if it is commercial or residential. The law applies even if you do not receive any money at all. Contact your state board.

-Tim

[TJ2007]

Could it not be possible as he is a Developer that you could be covered under his license?

[tarheit]

In ohio you would still need to be licensed yourself (and acting under a broker), unless you were an employee of the developer. These laws aren't consistent state to state so you would have to check what's allowable in your state. (At leaset here there is no license as such to be a developer)

[TJ2007]

The regulations in the US are ridiculous!!! I am all for protecting the consumer, but at somepoint they become more damaging.

The US is actually one of the very few countries that even have a real estate license!!!!!!! not that it is really worth the paper it is printed on anyway. It´s all about extra revenue for the state and for the real estate schools.

[tarheit]

So it's ok for a developer to be required to have a license, but not a real estate agent?

Most professions are actually regulated primarily by the individual states (that the US government). And that's why the laws are inconsistent between states.

Many professions have actually done it to themselves. Lobbying for increased education requirements or licensing in the first place. Registered surveyors (in ohio) for example have gone from simply needing to take a test and have some experience, to requireing a 4 year degree (started sometime in the early 90's). Education requirements for a real estate license have increased by about 30% in the past 10 years, and I've heard talk of requireing a college education. I've also seen other professions try to start up licensing (interior decorators of all things have been trying recently in ohio). Not to mention the continuing education requirements in many professions (recently added for engineers). And even more recently there has been talk of increasing the requirements for registered engineers from a 4 year degree to a masters.

And who has lobbied for all these increases? Why the non profit organizations representing each of the professions.

A lot of it is under the guise of 'protecting the consumer'. And that does play a part. But a lot of it I think has to do with increasing fees and 'protecting ones turf'. Of course the schools win financially as well.

-Tim