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Updated almost 9 years ago on . Most recent reply

Fabio Secaira's profile image
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Fabio Secaira
  • from Gaithersburg, MD
  • Member since Nov 14, 2014
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Fabio Secaira's profile image
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Fabio Secaira
  • from Gaithersburg, MD
  • Member since Nov 14, 2014
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Fabio Secaira
  • Gaithersburg, MD
15
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44
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Maryland Real Estate Q&A Discussion Forum

Referral bonus illegal?

Fabio Secaira
  • Gaithersburg, MD
Posted

Hi All. Quick question for the more experienced among us :) 

I was about to have some biz cards printed and on the back we're stating something that prompts the following question: is offering a $500 bonus for referring a homeowner whose house we buy (or wholesale) illegal? I read somewhere that it may constitute acting as an unlicensed agent. 

Thoughts?

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David Cowan's profile image
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David Cowan
  • Investor
  • from Twinsburg, OH
  • Member since Dec 11, 2014
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David Cowan
  • Investor
  • from Twinsburg, OH
  • Member since Dec 11, 2014
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David Cowan
  • Investor
  • Twinsburg, OH
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David Cowan
  • Investor
  • Twinsburg, OH
Replied

Yeah, don't do that. At the very least don't advertise it. It may be illegal in your state because that is a job for a licensed real estate professional. Good luckFabio Secaira

Check the laws in your state.

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