Anonymous

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Rainmaker
572,970
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Off the top of my head I would say only if you are a co-broker. As a referring agent you are not an agent of the buyer. But I would check my state's laws.

Nov 08, 2015 08:05 AM
Rainmaker
1,445,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Check your stste laws. Normally it is illegal to pay an unlicensed person.

Nov 08, 2015 06:59 AM
Rainmaker
1,707,347
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Questions like this should not be discussed by agents with each other and if the question is being asked by someone outside the industry then again it should not be answered.

Nov 08, 2015 06:50 AM
Rainmaker
3,874,804
Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes if they are a party to the transaction and with full disclosure.

Nov 08, 2015 09:22 PM
Rainmaker
4,022,647
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Do it regularly! It must be disclosed to both the buyer and the seller.

Nov 08, 2015 07:50 PM
Ambassador
5,216,938
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I am sure they can do whatever they want to with their fees.

Nov 08, 2015 03:48 PM
Rainmaker
1,361,958
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I know some companies base their business model on giving back part of the commission.  I'd advise to check with your state's lawyers first.  In California the state association has a legal helpline that you can call.  I'll assume other states (or your larger agencies) have something similar.

Nov 08, 2015 01:46 PM
Rainmaker
1,510,363
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Yes for CA,  have to be documented in writing, disclosed and usually refunded to them via escrow( or used in any other way the buyer chooses)

Nov 08, 2015 12:15 PM
Rainmaker
634,272
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

In my stateYou can credit it to the buyer through escrow but not outside of escrow.

Nov 08, 2015 11:22 AM
Ambassador
3,021,217
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Not on the HUD, shouldn't happen.

Nov 08, 2015 11:15 AM
Rainer
150,166
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

No, here in Kentucky you can't.

Nov 08, 2015 07:58 AM
Rainmaker
212,655
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

All depends on if it is legal by the state, I know to pull it off you'd need to get into the grey area in the states I have a license in.

Nov 08, 2015 06:50 AM
Rainmaker
591,654
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

As you have seen in the other comments there are several issues involved:

# 1 Is it legal in your state.

# 2 Does the lender know, is it on the settlement statement.

 

# 3 Does your office policy / broker allow it.

Nov 08, 2015 05:22 AM
Rainmaker
6,370,216
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is a better policy to complete the transaction at settlement. You need to check on the rules in your state and the policies of your broker.

Nov 08, 2015 04:41 AM
Rainmaker
292,535
Jack Lewitz
Exit Strategy Realty - Evanston, IL

I would add any money back to buyer that is over $500 would receive a 1099

Nov 08, 2015 04:40 AM
Rainer
230,924
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

yes and they incur taxes on it. in escrow they can  with brokers approval (doubtful)

Nov 08, 2015 04:37 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, at least in Florida.  Other states may have different rules.  

Nov 08, 2015 04:09 AM