Posted by BTI on April 12, 2008 at 11:08:27:
Isn’t that what I just basically said? The poster still didn’t say why they want to know, and what they know.
BTI
CA Real Estate Law Question - Posted by Schant
Posted by Schant on April 09, 2008 at 14:21:09:
If a real estate agent refers a loan to a loan officer, can the loan officer legally pay the real estate agent a portion of his earnings?
Re: CA Real Estate Law Question - Posted by River City
Posted by River City on April 11, 2008 at 10:24:46:
I agree with Rick. It sounds like a kickback to me and kickbacks are prohibited by Section 8 of RESPA. For anyone to “earn” a fee they must perform certain duties that have been approved by HUD as duties that have value.
Re: CA Real Estate Law Question - Posted by BTI
Posted by BTI on April 11, 2008 at 09:52:53:
It depends, if they just referred someone then the answer is no. But if they did some other activities in regards to the transaction that permits them to collect a fee from the transaction, then yes. To complex to answer here in a short answer. Why do you ask?
BTI
Long and short answer is the same… - Posted by Rick, the Probate Guy
Posted by Rick, the Probate Guy on April 09, 2008 at 22:16:37:
Nope.