We run a marketing firm in Sarasota Florida that targets real estate
agents and investors. We provide mobile marketing solutions and video production. Our services are very labor intensive and thus we must charge our clients a higher rate than our competitors. We would like to charge our customers 20% of the whole cost up front and 80% when the house sells.
$300 Up front ( before any work is done)
$900 When the house sells (or taken off market)
Total - $1200
/investor will be responsible for the remaining $900 within 15 days, if the home is taken off the market.)
1.Is this legal?
2.Are we required to be a licensed real estate agent to take part in a contingency sale?
3.Would there be any hiccups should we offer this service to a home seller (For sale by owners
), realtors or investors?
4.Is it as simple as contacting a business attorney to get this contract drafted?
5.What would be a ballpark price for a draft of a contract like this one?