REBATES and REQUIRED SERVICE LAWS - By State
By Mike Mayer
(Mike Mayer, Broker/Owner - i List For Less Realty, LLC)
REBATES and REQUIRED SERVICE LAWS - By State When you consider the Rebate and Required Service Law differences that exist in our great nation, it's not difficult to comprehend why real estate practices are so confusing. It goes without saying that property values vary from region to region and state to state. That's a well accepted assumption. However, the rules that govern our business are so ranging, so broad in scope, that such differences and variations add to the perplexity. Ten states forbid Buyer's Brokers from rebating a portion of the sales commission to the consumer. Such laws prevent an agent from contributing funds towards a clients closing costs or 'gifting' a client for a referral lead. In Louisiana, an Agent is not even allowed to show appreciation by providing a gift car...
Comments
3