Posted by John Merchant on May 16, 2007 at 15:15:54:
Atty cannot do so in any state I’m aware of, as this practice would basically condone and endorse solicitation of law business, which is a big no-no for any atty.
REA or Broker CAN legally share his commissions with anybody, licensed or otherwise (after he receives it) and this is the law in many states.
Attorney referral profits - Posted by Carlos
Posted by Carlos on May 15, 2007 at 18:08:38:
I own a quickly building foreclsure business.
I have a stableof (52) active and cash ready investors to purchase my short saled properties.
As of late a great percentage have had to file either 7 or 13 to stall the process. I have been referring all theses clients to 1 specefic attorney with out advising them
ofcourse ( I am not a lawyer).
I wish capture a fee from this indirectly since I am prohibited from directly profiting from and law practice since I am not a lawyer. I have sent this lawyer 30-40 deals over the past 60 days and see no end in site…
Any help is appreciated…
Guru_wanna_be
Re: Attorney referral profits - Posted by Bill Jacobsen
Posted by Bill Jacobsen on May 16, 2007 at 11:52:43:
Referring a client to an attorney is not practicing law so you can receive a fee directly. The question is whether an attorney can pay a referral fee to a non attorney. I know that realtors can not make payments to non-realtors.
Bill