Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Canadian Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

162
Posts
47
Votes
Belinda D.
  • Oakville, Ontario
47
Votes |
162
Posts

Receiving a finder's fee from an agent

Belinda D.
  • Oakville, Ontario
Posted

I would like to provide leads to an agent and be paid for it.

In Ontario Canada I know that an agent cannot pay an unlicensed person a commission/referral fee. If it is called by another name i.e. finder's fee is this ok? If not, is there another way that will be acceptable by Canada's Real Estate Commission?

Most Popular Reply

User Stats

15,747
Posts
10,945
Votes
Will Barnard
  • Developer
  • Santa Clarita, CA
10,945
Votes |
15,747
Posts
Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Aside from that option, and at least in most states I know about here in the U.S., an agent can not pay any fee to any unlicensed person, changing the name of the fee does not properly circumvent the rule and the intent would be crystal clear in front of a judge. Be careful.

Loading replies...