2,785,156
Tread lightly...and remember this: Ignorance of the law wont help if things go south so you are on the right track for asking. Now to find out
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
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Richie Alan Naggar
Riverside, CA
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Pete Xavier
Pacific Palisades, CA
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Lyn Sims
Schaumburg, IL
5,115,152
Don't know about California, but illegal in NC and SC.
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Pete Xavier
Pacific Palisades, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Anthony Acosta - ALLAT...
Atlanta, GA
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Roy Kelley
Gaithersburg, MD
956,722
You cannot AS A licensed agent pay out a referral fee to a unlicensed individual ON A residential deal in California. You are safe with a small gift, gift card. My gift to show appreciation for a referral generated by a non licensed person is typically a $50. gift card.
As a multi state independent investor with wholesale experience, there are ways around this outside the brokerage realm, it may involve freezing your association/MLS membership (dependent on the state if you're also licensed in that state as an agent) to make it work as for paying bird dogs a reward for finding investment grade properties if they don't already own it or control it with a option. Paying commission on "self dealing" is allowed when done right...consult an attorney. THIS IS HOW I AM LEGALLY ABLE TO DO IT.
California law allows the payout of a referral fee to non licensed individuals in deals that involve commercial property, it was true a few months ago when I last looked. Please don't rely on my advice, go verify for your own due diligence.
You have many more years on me as a CA broker, how do you NOT know this?
I'm really perplexed by this, because it is in the required ethics course when obtaining a license and in the continuing ethics course that would be required for you to renew, I was in 2 of the mandated courses and this subject was clearly in both, it's a major topic.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
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Raj Taj
Lake Bluff, IL
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Candice A. Donofrio
Fort Mohave, AZ
2,278
how about a finder's fee in California? that is for the introduction of the parties. This is different and agents having been offering such at netowrking events. read your comment below, good question for CAR.
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Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
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Raj Taj
Lake Bluff, IL
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Pete Xavier
Pacific Palisades, CA
2,221,927
Not allowed in Atlanta. May be a good idea to check with your Broker.
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Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,554,227
DO NOT DO IT or lose your license. RESPA violation!!!
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
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Thomas J. Nelson, REAL...
La Jolla, CA
4,434,177
You should not do it.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
7,869,102
Follow the regulations in your state.
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Pete Xavier
Pacific Palisades, CA
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Nina Hollander, Broker
Charlotte, NC
4,319,773
ALLEN TURNER - Ignorance is NOT bliss!
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
2,684,769
Illegal in Florida. Check with State of California Real Estate Commission for rules.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
2,224,473
I don't know about California, but you can't do that in Colorado.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
3,988,013
Tennessee license laws do not allow for any referral fees to be paid to nonlicensees no matter what state they are in.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
902,238
Don't know about CA, but it's illegal in my state of CT.
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Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
5,031,788
Check the rules..I think it clearly states not allowed!! Do you value your license? Do you value what you bring to the table in a transaction? Why do you feel obligated to give away your commission? Would this CA resident give away part of their pay check??
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
577,750
I cannot pay a referral fee to anyone who is unlicenced.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
5,062,625
Plain and simple - not allowed and could land you in hot water, or worse. Check the rules
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
1,466,257
ALLEN TURNER Illegal in my State to pay bird dog fees to non-licensed persons.
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Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
716,452
In Oregon this would be illegal. Only licensed Brokers can receive referrals.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
1,847,471
Yes it's against the rules.
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Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
5,583,328
do not pay referral fees to unlicensed people....
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
5,772,593
Allen,
CA law does not allow referral fees to be paid to non-licensed individual in real estate. Whenever we did, we asked for the license # and checked with DRE tnow known as the BRE whether it was a valid and active one. Lawyers do not come cheap in California. A
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
4,904,820
Sorry I don't know California real estate law.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
4,272,934
3,986,308
I would not pay a fee, but maybe a nice Birthday gift.
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Roy Kelley
Gaithersburg, MD
6,422,418
Referrals that are paid to anyone are an ethical stain that tarnishes this profession in every state.
But not likely to change since the powers to be have their hands in the cookie jar too. Kind of like congress and campaign finance reform.
Most professions prohibit any kind of compensation for referrals, this ensures that they will be sent to the most qualified rather than the highest bidder.
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Roy Kelley
Gaithersburg, MD
3,416,038
Here in NH i know we can only pay up to $50 bucks for a non licensed person
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Roy Kelley
Gaithersburg, MD
2,189,272
Those looking for a back door around this regulation are asking for an invitation in the front door of the Department Of Licensing... revocation of license division.
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Nina Hollander, Broker
Charlotte, NC
1,242,104
4,800,132
5,878,935
1,506,613
There are limits on what you can pay. I believe it is $150. I'd check with the state's legal hotline or the CAR.org website to be safe.
1,157,791
Contact the regulator in California or refer to the relevant laws and regulations.
991,652
Someone will be going to jail - it's called practicing real estate without a license... Good luck with that
3,071,489