Is it legal for a broker to pay a commission or “referral fee” to an unlicensed mobile home salesman?
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Is it legal for a broker to pay a commission or “referral fee” to an unlicensed mobile home salesman?
Asked on March 26, 2012 under Real Estate Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Under state law which varies on the subject, a person who is not a licensed real estate agent can receive a "referral fee" from a real estate agent generally in an amount up to $500 from the commissions that a certain real estate agent earns in a given closed escrow. This is true in California.
However each state has certain restrictions on the subject that you are writing about. I suggest that a real estate attorney practicing in the state that you are inquiring about be consulted.
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