If you cashed your commission check, you can give it all away if you want. Let me know if you need my mailing address!

With a question like that you should remain anonymous.

AFTER the close have at it. You can share it with both Jeffs

Depends on the law in your location...

How you spend your money is your business, however you cannot make it part of the deal. 

Not in the deal however once you deposit and cash your commission check you can do with it as you wish.

Like what Jeff Pearl said.

You 'may' be OK to credit a party against funds to close/net proceeds in escrow, but be careful about what could qualify as 'paying a comission to an unlicensed party'. Check with your brokerage and state law.

Check with your state law for offering a rebate. If paid under the table after the closing, it is wrong.

Check state law in your state.

Stop it now...or you will never stay in business!!!!

Eve

What Candice A. Donofrio and Michael Setunsky and others said.

Consult appropriate legal counsel in the relevant jurisdiction(s).

Several have stated that once you cash your check, you can do what you want with your money.

Like if a loan officer cashes his check and then pays a Realtor for referring the deal???

If you make an arrangement for payment outside of escrow before a deal closes, I think you're crossing a line. It's not the payment, but the promise for payment in oder to seal the deal that is a problem...

Why wouldn't you just include a credit from agent to buyer in escrow instructions and do it correctly???

You and the family member need to discuss this between you to

You won't return commission. It will be gift. 

Why after closing? Why don't you do it on the HUD?

After the close, you can do whatever you want with the money.  Just remember, you'll need to claim it as income on your tax return.  Otherwise, I suggest negotiating it into the contract (with your broker approval).

I always have heard the lender needs to know this information.  

do what you want with your money as long as you dont make it part of the deal

Jeff Pearl tells the truth!

Please don't. 

If I'm going to give it I do it as a credit on the HUD so that I don't pay taxes on it and give it away.

It looks like you've gotten the answer.

Your can give away your money as long as you comply with the reporting requirements and the law.

If it is a rebate or credit that was discussed before the closing, it must be disclosed. However, if you all of a sudden feels like giving away your hard earned money, feel free to  write me a share of your commission. I will gladly and willingly accept it. 

Check your state laws and consult with your state attorneys.  Also, keep that manufacturing job flipping burgers at McDonalds.  You'll need it if you keep giving your money away.

     Cash Rebates are perfectly legal in Florida, provided that written disclosure is made to all parties, including the Lender.

Can I send you my address? Did you not earn your commission? You want to pay taxes on it and give it away? Wow..how long do you think you'll be in business?

In the state of Tennessee nobody but licensed brokers can receive commissions. You could reduce your fee and negotiate it with the other agent if you need to and reflect it on the closing statement.

stephanie and John webb and Jeff Pearl are right. Cash your check and then treat any gift as separate from the transaction. Check with your CPA, it probably can be deducted as a business gift expense.

If a person is your principal, it is legal to do so, at least in my state. Check your local rules.

This sounds more like a "rebate" to me. In theory rebates should be disclosed.  Just be careful ... if this was reported after you did it and it was called into question ... you may be sliding down a slippery slope.  Check with your state laws.

I think, it is wrong. 

Why not just reduce the commission?

I'm with Joe Pryor on that one..... 

What does it say about the value of the service you provide?  Does it set a precedent you want to set?