Mortgage Grapevine

Do Not Call Registry Law Question

Have a friend who just started a job with a real estate company (not a r.e. broker) they do lease options and then put in a tenant buyer. Anyhow, his job is to find those sellers who may want to do a lease option so he calls on for sale by owners ads in newspapers and internet ads. When he calls by phone is this a violation of the do not call law?
They do not sell anything, however they do take a fee from the buyer if a lease option is executed with a seller.
by capital4u November 21, 2012 2:45 PM

I'm no lawyer and I don't play one on TV, but I would think the advertisement itself is a solicitation to contact, and thus to do so would not be covered by the DNC....
by MichiganTed November 21, 2012 3:08 PM

Ted is correct. It's a solicited call by virtue of the ad placement.

by Lex Parsimoniae November 21, 2012 3:09 PM

Most states exempt. Realters
by Power Pig November 21, 2012 6:45 PM

Insert Teds legal disclosure here.

Hmm didn't the home seller place an ad to solicit a buyer? If you are a buyer there would be no violation.

What if I sell paint? Can I call the owner and say buy my paint and you'll sell your house faster?

Would that be ok? I think not. I'd say capitals friend better buy the DNC list and stick to it.

by BuySide November 22, 2012 10:53 AM

Capital4u? Lex?
by BuySide November 26, 2012 2:22 PM


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