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The World of Finder's Fees After <i>Futersak v. Perl</i>

By Mark Morfopoulos
August 23, 2013

Anyone drafting a finder's fee agreement should be aware that they may be walking into a minefield that is waiting to explode if he or she makes a wrong move. The real estate brokerage community throughout the country, together with various citizen watchdog groups, has fought long and hard to make it very difficult for those who do not have a real estate broker's license to be compensated for their involvement in bringing about a real estate deal. These groups claim that unscrupulous individuals who do not have a real estate broker's license (and who may thus not be regulated by state laws and licensing boards) could take advantage of the general public.'

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