In Arizona, you are required to be paid through your broker. That being said, in Arizona, out of state brokers/agents cannot represent clients for Arizona transactions. So you would need to partner with an Arizona broker/agent through a referral agreement. Once that agreement is in place, the Arizona agent/broker is the agent/broker of record on all documentation, the fee/commission is delivered to the Arizona agent/broker, and the Arizona agent/broker delivers the out of state split to the out of state agent/broker's broker for distribution.
Because of risk I an my broker would be assuming in Arizona, because of the amount of work I do locally on due diligence and the closing, my split for being the local representative is at least 65%.
Texas may have a similar restriction and you need to check it out. Now, if you were an investor in the deal where the family gave you X% of the ownership instead of a fee, then you would be considered a principal. You/they may still be required to use a Texas agent/broker to get the deal done if the family does not have the expertise to shepherd the deal itself.
Aug 20, 2014