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8 Jul
I’m a Realtor. If you are not a licensed Realtor, can I pay you a referral fee for sending me business? The answer may fascinate you.
Both state and federal law restrict the payment of a referral fee to an unlicensed third party, although it appears neither jurisdiction will enforce the restrictions. I’m not interested in violating the law, even if it is unenforced, but there is more to the story. Read on, because it turns out that I can pay referrals fees, provided they are paid under very specific circumstances. As a retired real estate attorney I must admit I get a real kick out of these exceptions that can put money in your pocket . . . and mine because of your referral.
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