CA Real Estate Law Question - Posted by Schant

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.

Sounds like a kickback to me - Posted by Rich-CA

Posted by Rich-CA on April 09, 2008 at 18:15:45:

.