Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Sponsored Links
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
No new orders today 13162375
Stupid MLS comments. 3385210
What do you know about Froy Candelario, top agent in USA 1250110
Stupid QC comments and BPO requirements. 1115330
New HUD Listing Brokers---Any Update? 1069708
Is there religious content in Buffini class? 858557
Let's talk about our cars 709794
Most common items found at an REO 639494
Name that Flick. Great movie Lines. 632172
Pay it Forward - BPO/REO Tips & Tricks I & II 626310
EML 459238
Main Street 456394
asset val seminar in colorado 428627
assist 2 sell or 1 percent realty? 360284
HOMONYMS - There, Their, and They're 335262
Evalonline 300211
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#448822 - 11/11/15 01:19 PM Referral Fee Kickback to Buyer?
inspectorgadget Offline
Junior Member

Registered: 11/11/15
Posts: 1
Loc: Colorado
I have a friend out-of-state who wants to buy. I referred him to an agent in his state and told him I would give him (my friend) the referral fee I receive from his agent as a housewarming gift. RESPA violation?

#448834 - 11/12/15 03:07 AM Re: Referral Fee Kickback to Buyer? [Re: inspectorgadget]
JohnN Offline

Registered: 11/21/13
Posts: 248
Loc: Minnesota
That's a good question. In MN it's illegal to give a referral fee to anyone other than a licensed agent.
Since your not the buyers agent I don't know what the prohibition would be for you giving your friend a "house warming" gift.

#448835 - 11/12/15 03:44 AM Re: Referral Fee Kickback to Buyer? [Re: inspectorgadget]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7911
Loc: Vermont's North-East Kingdom
We don't know what State or Commonwealth the OP's Buyer Friend is in; nor whether the OP is himself a Real Estate Licensee in Colorado.
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

#450240 - 02/01/16 04:19 PM Re: Referral Fee Kickback to Buyer? [Re: inspectorgadget]
Broker John Offline

Registered: 04/26/14
Posts: 40
Loc: NC
Disclose and ask closing attorney or who ever is preparing the closing docs. We use the TRID now and the lenders are supposed to prepare the docs. Rebates to clients are often allowed and not a violation as long as they appear on the final closing statements TRID (old HUD1).

Pay your friend by personal check after or outside of the closing and you are now in violation.

As always consult an attorney and any advice I give is just that, each state laws vary!
Gone John - English Realty Limited - Broker-In-Charge
Carolina MLS/Triad MLS
YouTube - Gone John Realtor SnapChat - Sell704

#461096 - 04/03/18 07:27 AM Re: Referral Fee Kickback to Buyer? [Re: inspectorgadget]
Roger Perry Offline

Registered: 09/22/16
Posts: 18
Loc: United Stat, California
Nice question, Pay your friend by personal check after


Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.

Newest Members
alexi, van phuc, ngibrealtor, nyropist, Workslocal
30353 Registered Users
Who's Online
2 registered (estatereal, RonnieEmz), 52 Guests and 6 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 25
CathCoy 24
gitmonee 22
Trouble 18
Daniel1234 14
CaliRealtor23 14
estatereal 14
T.T. 14
RonnieEmz 12
AbrahamWalker 12
Vincent2011 12
Z06Fanatic 11
Lucky Leonardo 10
Suburban Gal 8
sualk54 7

How To Advertise Here

This site presented by RNC Internet Services