The amount a real estate bird dog makes can vary widely, depending on the terms of their agreement. Generally, bird dog fees range from $500 – $1,000 upon closing, but this can be higher or lower depending on the specific deal. For percentage-based arrangements, a bird dog fee can range from 2%-10% of the deal profits.
What does a bird dog mean in finance?
A bird dog in finance is a person who seeks out investment opportunities, such as real estate, stocks, or other investments, and then refers the opportunity to another investor or institution in exchange for a commission or finder’s fee. The person who is referred to as a bird dog is usually an independent contractor or consultant, and is not employed by any investment firm. Bird dogs typically charge a fee for their services, which is usually a percentage of the total amount invested. Bird dogs are not necessarily experienced investors themselves, but instead use their knowledge of the market to find attractive investment opportunities.
What does birddog mean in sales?
In sales, a bird dog is a person who looks for motivated sellers and undervalued properties to pass on to a sales representative, usually in exchange for a commission or fee. Bird dogs can be used to generate leads for sales reps, usually by gathering information from potential customers outside of the salesperson’s normal areas of operation. This information can then be used to identify and target potential customers who are likely to be interested in the product or service being sold.
Why do they call it bird dogging?
The term “bird-dogging” comes from the hunting analogy of a dog that barks at birds hiding in trees or bushes and then flushes them out where the hunter can get them. This term is used in the context of politics or business to refer to someone who works to get information out of someone who is reluctant to provide it. By asking questions and “flushing out” the information, the bird-dogger can gain valuable insights that the other person might not have provided on their own.
Is bird dogging legal in Virginia?
Yes, bird dogging is legal in Virginia, provided that a licensed salesperson is involved in the transactions. According to Virginia Code Section 46.2-1537, it is unlawful to compensate anyone other than a licensed salesperson for the introduction of a potential customer. This means that if a bird dog introduces a potential customer to a motor vehicle dealer, the dealer must pay the bird dog through a licensed salesperson.