Earlier this week I was “thrilled” to discover I had to drive to Nashville to personally attend a 2-day meeting of the Tennessee Real Estate Commission.

Fully expecting to be bored to tears, I was pleasantly surprised to find that eavesdropping on the commission contending with a month’s worth of real estate business is actually pretty darn fascinating.

So at the very end of the second day, I actually had the chance to address the commission personally.  I used the opportunity to pose a controversial issue that’s been burning a hole in my brain for years now:

“Can I legally pay a ‘finder’s fee’ to an unlicensed person for referring a real estate deal?  What about an ‘assignment fee’?  And what about two contracts with a double closing?”

Ok yeah, technically that’s three questions.

But the answer(s) I received might just surprise you.  It certainly reminded of an important lesson every real estate investor should learn.

So here’s a short video I made for you (from downtown Nashville) outlining what happened and the very important takeaway lesson…

Have any thoughts on this?  Please share them below…