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#431757 - 01/12/14 05:54 PM can you offer refferal fees to non licensed people?
joey45th Offline
Member

Registered: 02/24/13
Posts: 12
Loc: san fernando valley
Lets say tax prepares, CPA's, insurance agents? I was thinking about contacting some of these people by email or letters and offering them referral fee's since they have alot of contacts...

I'm in California..San Fernando Valley.

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#431758 - 01/12/14 06:03 PM Re: can you offer refferal fees to non licensed people? [Re: joey45th]
David Hunter Offline
Major Contributor

Registered: 09/27/05
Posts: 1640
Loc: Cleveland, Ohio
In Ohio, you can only offer referrals fees to someone who is licensed.

I wonder if there is anything else you can offer.
_________________________
David Hunter | Retired RE Agent |Direct-Response Marketer
www.DukeOfMarketing.com/7-Real-Estate-Marketing-Strategies/
www.TheSaviorsMinistry.org


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#431759 - 01/12/14 06:19 PM Re: can you offer refferal fees to non licensed people? [Re: joey45th]
gitmonee Offline
Veteran Member

Registered: 10/23/13
Posts: 611
Loc: LA California
In california, I think you can give finders fees as long as no federal-backed loan is involved.

that's where california law clashes with federal law.

petty thank you gifts are ok though.

I was wondering how an insurance agent can be a source of referrals. It seems one-sided. Buyers need insurance, and that happens after you close a transaction. When they need to sell, is an insurance agent someone they tell?
Usually the listing agent takes care of the seller-turned-buyer, or he refers it to another agent.

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#431765 - 01/13/14 05:05 AM Re: can you offer refferal fees to non licensed people? [Re: joey45th]
Stefanie Offline
Member

Registered: 04/02/13
Posts: 83
Loc: South Florida
I had that same idea you had a while ago, but at least in Florida it's illegal to give referral fees to non-agents. I find that with the people you named, you could work out a 'reciprocity agreement' instead of referrals. You network with them and promise to give them referrals as well.

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#431788 - 01/13/14 11:26 AM Re: can you offer refferal fees to non licensed people? [Re: joey45th]
gitmonee Offline
Veteran Member

Registered: 10/23/13
Posts: 611
Loc: LA California
i still can't picture how an insurance agent would send you sellers more so than you would send him subscribers.

My office has an Allstate agent shilling his goods, but I'm not sure what benefit we derive from it other than 'knowing an insurance agent if you need one'.

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#431831 - 01/14/14 07:54 AM Re: can you offer refferal fees to non licensed people? [Re: gitmonee]
joey45th Offline
Member

Registered: 02/24/13
Posts: 12
Loc: san fernando valley
[quote=gitmonee]i still can't picture how an insurance agent would send you sellers more so than you would send him subscribers.

My office has an Allstate agent shilling his goods, but I'm not sure what benefit we derive from it other than 'knowing an insurance agent if you need one'. [/quote]

Well the agent would have to be pro-active to get me leads and obviously for him/her to get finder's fees...insurance agents have alot of contacts and they keep in contact with them constantly..

It might work better with tax preparer's/cpa's....when people go to their taxes they know who rents/owns .....

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#457683 - 05/06/17 04:07 AM Re: can you offer refferal fees to non licensed people? [Re: Stefanie]
PortoLindoMas Offline
Junior Member

Registered: 05/06/17
Posts: 1
Loc: USA
Originally Posted By: Stefanie
I had that same idea you had a while ago, but at least in Florida it's illegal to give referral fees to non-agents. I find that with the people you named, you could work out a 'reciprocity agreement' instead of referrals. You network with them and promise to give them referrals as well.


I think the whole idea of a referral (IS) that someone worked for you, and therefore should be compensated. I think the law is garbage, when it doesn't (want) to allow this...Just like an agent "earns" his or her commission, so does the "bird dog" scenario. The whole thing is just a monopoly, and how these "government" agencies keep people ENSLAVED to outrages rules, taxes, and FEEEES! Where are the VIKINGS when you need them?!!! I'd send them in to slay them all!! Okay, I feel better, now. Thank you for your ears.

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#457684 - 05/06/17 05:31 AM Re: can you offer refferal fees to non licensed people? [Re: joey45th]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7868
Loc: Vermont's North-East Kingdom
Isn't that the attitude that's coming into vogue; to just obey the Laws that you like, and defy those that you resent . . . . including the Fines or Penalties that are associated with them ?

Like each person opting to tailor their own little anarchy !
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#458196 - 06/23/17 07:55 AM Re: can you offer refferal fees to non licensed people? [Re: joey45th]
SamFromSurge Offline
Junior Member

Registered: 06/23/17
Posts: 5
Loc: Canada
Totally depends on the state/province.

Where I am (Toronto) you can't provide any referral fee to an unlicensed 3rd party...

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