About Referral (Finder’s) Fees
In residential sales involving 1-4 units, it is a R.E.S.P.A. violation to pay a referral fee (or finder’s fee) to an UNLICENSED individual. Realty World ALL STARS absolutely
forbids the paying of referral fees to unlicensed individuals. However, Agents who wish to send a Thank You Gift outside of escrow are certainly free to do so as long as they don’t
violate R.E.S.P.A. (See 20 and 21 below).(It is important that these gifts are not made for an activity that legally requires a real estate license. Please keep in mind that there may be tax consequences for gifts and that you are responsible for the accounting and reporting of these gifts. You should consult your accountant.)
Yes, it is ok to rebate commission to buyers for closing costs as long as lender
underwriting guidelines are not violated. (see 22 & 23).
In residential sales involving 1-4 units, it is a R.E.S.P.A. violation to pay a referral fee (or finder’s fee) to an UNLICENSED individual. Realty World ALL STARS absolutely
forbids the paying of referral fees to unlicensed individuals. However, Agents who wish to send a Thank You Gift outside of escrow are certainly free to do so as long as they don’t
violate R.E.S.P.A. (See 20 and 21 below).(It is important that these gifts are not made for an activity that legally requires a real estate license. Please keep in mind that there may be tax consequences for gifts and that you are responsible for the accounting and reporting of these gifts. You should consult your accountant.)
Yes, it is ok to rebate commission to buyers for closing costs as long as lender
underwriting guidelines are not violated. (see 22 & 23).
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