In this case why don't you get the license in FL? You may be able to get a license in FL - the deal is worth that effort. But the ~15% commissions will be looked unusual even you have a license. The regular commission is 6% and may be even lower on the large transactions. Even you manage to do everything legally - it would draw attention of many people. The seller will see large commissions and may rethink the deal.
Direct purchase would look better from this prospective. If this doesn't work for you - you may on the top of regular commissions (for such a deal 3%) buy part of acreage and resell it later.
Another way to accomplish the deal - create a real estate company that you would owe. Hire a real estate agent with license who could sign the deal, and broker's fees from escrow proceeds will go to the company account. However, the biggest problem will be to negotiate commissions.
Some lawyers promote "flipping" technique as follows (for instance - http://www.flipping-properties.com/seminar/ ):
- Sign a contract with a seller; assign it to a third party
- Sign a contract with a seller, sign another one with a third party, then double close
However, it is not always clear how the state authorities might view that transaction, so you would need a comprehensive local real estate lawyer.
Edited by levr on June 22 2006 at 12:57am
