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Updated over 3 years ago,

User Stats

3
Posts
1
Votes
Anthony Banegas
  • Real Estate Agent
  • Rancho Cucamonga, CA
1
Votes |
3
Posts

Is offering cash back at closing legal?

Anthony Banegas
  • Real Estate Agent
  • Rancho Cucamonga, CA
Posted

Hi everyone, I am a real estate agent in Southern California and have been interested in getting involved in wholesaling properties. My question is would it be legal to offer sellers cash back once the deal goes through? To be more specific, there would be no commissions involved in these deals so I would pay the seller money out of my own pocket and advertise this as an incentive.I have searched for this topic online and have had some mixed answers and wanted to see if someone might be able to provide a more clear and definitive answer. I wanted clarity before I went any further with this idea.

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