Real estate · Law

Is it legal to pay current renters, if they find their own replacements?

Misha Britan

February 15th, 2015

I heard that one need a real estate license in order to directly benefit from a real estate transaction. More than by a token fee.. 
So how do companies like http://rentity.co/#/ and circumrent.com do it? or plan on doing it. Thanks. 
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Karl Schulmeisters CTO ClearRoadmap

February 16th, 2015

They probably have a contract with a realtor in each market they serve.  The realtor gets a small commission for essentially being a figurehead.  Remember, MOST folks who are selling real-estate do not have a full RE license.  they have simply passed the RE exam and they work out of an office that is owned and operated by a fully licensed REAgent