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  #9  
Old July 17, 2013, 12:59 PM
Barcroft
 
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Default Re: Make $450 from Homes that sell in your area!

Quote:
Originally Posted by FirstBorn View Post


It's FEDERAL LAW (in the US) that PROHIBITS 'Kick Backs' or Bonuses paid to a 'third party' for Real Estate Sales / closings.

http://portal.hud.gov/hudportal/HUD?...h/res/sc2secti

So, it would be ILLEGAL to charge a Real Estate Agent a fee AFTER the Sale has been made...

So Be VERY CAREFUL when dealing with Real Estate Agents to provide lead gen, and other fee based services to them.

ALWAYS check with a Lawyer FIRST before seeking 'performance based bonuses' on your lead gen services.

Hope this Helps!


Actually, providing a service to a RE agent and waiting until closing to be paid is a common practice. No problem, as you are not being paid for 'bringing buyer and seller together'.
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