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Gift to Broker |
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Can a realtor accept compensation from a client (Buyer) even though a purchase is not completed?
They have worked very hard and I want to compensate them in some way even though I have decided not to purchase a home through them at this time. |
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Any volunteered expression of appreciation will mean a lot to that agent.
If it's anything substantial, you need to understand that the company, represented by that office's supervising broker, is the only one legally entitled to receive compensation from the public. The individual agent is not, and instead receives a share of commissions, passed on by the office.
My guess is that most offices would probably okay your unusual gift going to the agent entirely, but as I say, if it's substantial, that okay would be legally required.
In the case of a token -- a gift certificate, flowers, dinner out -- I don't see any problem in the agent's receiving it directly. |
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Edith
Originally published on May 1, 2008 |
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