Is it ethical for an agent to advertising cash back or referral fees? There is a broker/agents that advertising that they offer buyers 20% cash back at closing if they purchase a house from them or 20% if they refer a client to them. Is this right? Thanks.
#68633 - 01/02/0707:13 AMRe: Agent advertising cash back or referral fees
Carole in Atlanta
Junior Member
Registered: 01/01/07
Posts: 5
Loc: Atlanta Georgia
Are you also from Atlanta? I am sure it's illegal in Georgia to offer a kickback but I am not certain about other states. If you saw that here in Georgia, turn 'em in to the real estate commission.
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Carole Mellin, GRI, CRP Atlanta North, Northwest, Intown
Depends on the real estate laws in the state they operate in.
Some state allow cash rebates and some, like Tennessee where I am, do not allow cash but you can rebate non cash items such as gift cards or closing costs (I know, I know, it's cash but the buyer doesn't get the actual dollars in hand :rolleyes: ) .
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Jim Lee, REALTORŪ, CRS, ABR, e-PRO [url=www.KnoxvilleHomeCenter.com]www.KnoxvilleHomeCenter.com[/url] [url=www.KnoxvilleTennesseeRealEstateBlog.com]www.KnoxvilleTennesseeRealEstateBlog.com[/url] I am not an attorney & I am not giving you any legal advice.
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