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Updated almost 7 years ago on . Most recent reply
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Referral fees from buyers/sellers in Florida
I apologize if this is a stupid question but I'm a new real estate agent and I want to make sure this is legal. I've searched through my entire pre-licensing course and I couldn't find anything.
In Florida, is it illegal for a licensed real estate agent to receive a referral fee from an unlicensed buyer or seller for bringing them together?
Thanks!
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@David Rubio I would have the seller sign a commission agreement for the help of this transaction paid to your broker. A commission agreement is not an exclusive agreement. It just states that your broker will be compensated if you were to bring buyer to the table. Very simple and straight forward.