I was considering US Mineral Exchange to sell part of my existing mineral rights. I made an appointment with a local attorney to review the internet agreement I would have to sign to get started.
The attorney warned me that the agreement contained some hidden landmines I needed to be aware of. Although the company says there is never a fee to the seller, the agreement is actually written to ensure that the company collects its 6% fee regardless of how the buyer got referred. In other words, they will try to make the seller pay a 6% fee on buyers that were never actually referred by US Mineral Exchange. According to the attorney that’s what the agreement actually says although US Mineral Exchange wants sellers to believe otherwise.