Morality issue...

[$Cash$]

Mark Ratliff,

Glad to meet you.

In my E-Book I recommend have you paperwork reviewed by a professional.

The local Real Estate Boards impose regulation relevant to the distribution or aid in distribution of a homestead with the intent to protect the consumer (and in some rare cases monopolize the marketplace).
 
Whether or not this legislation is put into place in a criminal or a civil context, it does appear fairly evident that the enforcement of this legislation would be limited to that of:
 
a) When a consumer is being blind-sided (ie: you are acting on his or her behalf without proper licensing and steering him/her wrong)

b) You are continuously taking a "fee" for selling real estate.
If you are working with an investor, and you are paid by the investor, who has experience in real estate transactions, and you are not party to that transaction (ie: a consultant) you should, (this is not to be construed as legal advice) be ok, for the following reasons:
 
1) You are taking a fee for selling information, not real estate (nobody can prevent you from charging $5.00 to tell him or her were the nearest gas station is, or where the nearest "deal" is)

2) Even if legislation was in place to protect the consumer, you have conducted no harm to the consumer....so in a semi-perfect world, you can indeed pay for a lead on a house!

I think it is important to know, most investors are opposed to the local Real Estate Boards attempting to corner the market on Buying/Selling properties, I am certainly of the opinion that the local Boards would like to see no investors/creative RE at all so that they can continue to take a small chunk out of every property sold and have the properties sold according to their "rules & regulations".

There is also such a thing as a simple Partnership Agreement, thereby making you and the investor principals in the transaction.  The Bird Dog is bought out of the Partnership by the investor, thereby violating no State Statute.  If it absolutely comes to having to do it this way then you are not violating State Statutes.

As a principal you can buy and sell as many houses as you want.

John $Cash$ Locke

[WilliamGA]

John,

I assumed that the testimonial letter was directed to me because my name was the salutation at the top of the post.

Yes, I believe in general, I know what you are trying to accomplish by your posts. Whether this is due to my pro-investor status or simply my high level of intelligence, we may never know. -)

PS...I don't care what anyone else says......Sub2 Rocks!

[$Cash$]

William,

I probably should have made it clear by not using your name to start with that the post was not directed at you but to help others undestand, I was also saying hey if anyone quotes scripture this would never be something I would be against.

I mean I believe in the Golden Rule he who has the Gold rules.

Thanks,

John $Cash$ Locke

[Mark Ratliff]

Mr. Locke,
Thanks for the reply. Your book was great!! I've read it twice now.
Your wisdom is appreciated very much.
"The Texas Real Estate License Act PROHIBITS a person from procurung or assistingin the procuring of properties for the purpose of effectinh the sale, exchange, lease,or rental of real estate for a fee, commission or other valuable consideration. or with the intention or with the expectation or on the promise of recieving or collecting a fee. commission, or other valuable considerationfron another person, with holding the proper license issued by the Real Estate Commission".
That says it all. so all I'm saying , it is something to think about.
Mark.

[halstedcw]

I agree with WilliamGA and disagree with branboles.  If the bible wasn't written for real life, then what usefullness does it have?  Is it only good on Sunday?  The bible was written so that men/women could live moraly and promote coexistance among one another.  We need to learn to coexist in a manner that is pleasent and caring.  After all, it may be you one day that has a major BAD business deal that causes you to foreclose on your home.  How would you like to be dealt with?  Not all of you will agree with me now, but some day on your death bed...you will....

Thanks WilliamGA for keeping our actions in check.

Regards,

Clint