HELPING OTHER BROKERS TO STRUCTURE DEALS
AND GET THEM CLOSED
I am a real estate broker and a real estate attorney. I can wear either hat – or both.
I am available to help other brokers on seller-financed, BizOp, commercial, and other complex transactions. I can work on an hourly basis as an attorney. Or I can work on a commission basis and receive payment at closing.
I have experience with residential and commercial transactions, with land deals, with business opportunity transactions, and especially deed of trust and lease-option transactions.
For twenty years I ran an escrow department as part of my law office. My primary real estate focus has always been on seller-financed deals.
I ran Deal Mortgage for five years, and I continue to be a licensed although inactive mortgage broker.
When seller financing is involved, an attorney is required. Brokers are authorized to complete standard, lawyer prepared forms. Doing so is the authorized practice of law by a non-attorney. But brokers are not licensed to draft complex seller financing paperwork. They are only authorized to write standard fill-in-the-blanks forms. A broker’s errors and omissions insurance will not cover him when he is acting outside his authorized guidelines.
So my role is to figure out how to structure the transaction, explain it to all parties, get the deal properly written up, get it into escrow, and see that it gets closed.
I have an open telephone line to brokers, buyers, and sellers to discuss their transactions. If I come into the deal as a co-broker, this does not mean that the listing broker or selling broker has to cut his or her commission. The seller might increase the total commission enough to cover my percentage. Or the buyer might agree to pay me a buyer broker commission at closing. It depends on whether I represent the buyer or seller.
Co-brokering with me on a listing can help a listing broker by giving him or her credibility, especially if you are a new broker or are working on a transaction that is new to you. I can help you convince a seller to list with you or help a buyer to buy through you.
Feel free to call me if you think I might be able to help. I have an open telephone line to brokers. I do not charge for initial inquiries.
James Robert Deal, Broker and Attorney
Agency One Realty LLC
WSBA # 8103, DOL # 39666
James at James Deal dot com
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