Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Incentive for Brokers

  My husband and I own a construction business and am now expanding other services. I have a brochure that I would like to drop off to real estate agencies and possibly offer them a percentage. If they're selling a piece of land with timber on it that needs to be cut and they give the brochure. If we get the business can I offer a percentage of the cut or can they just hand this out for me.
 
  You can make any arrangement you like with brokers, assuming they agree to it.  A broker is required by law to disclose to buyers or sellers any extra money collected for referrals -- to mortgage companies, for instance.  Whether that would apply to what you suggest I can't say.  I guess it would be up to each agency's own interpretation.
    Edith
Originally published on September 15, 2007
 
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