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I'm hearing about this more and more and would be interested to see what's going on with RBC.
LoL, doesn't seem like it. But you did ask a question, seems like you were looking for complete agreement.
Let me know next time.
no eith is not a word but use is. Therefore my confusion. Cutting your commission or or giving a bonus, neither is illegal in Real Estate.
Bill...what you don't know is I'm in the real estate business as well, and you're wrong. I should have known better then to go toe-to-toe with someone who keeps their profile private.
Now wait Willard, maybe that is what is rattling around in my head. If a recruiter pays a sign on bonus to a candidate is it a kick back? I see a kick back as paying something to the person who is in a position to hire, list a job, or approve payment of a fee within a company to give a recruiter an extra benefit of get business or get preference for their candidate who might not otherwise get hired.
A candidate is not in a position at that juncture to do anything but accept a job so would it be considered a kick back. One can argue that by a recruiter paying a sign on bonus the candidate who becomes an employee would then possibly be in a position to five the recruiter favorable treatment because the recruiter paid them something to take the job or make the deal work if you want to be more delicate. In effect though we would actually be paying them to take the job. So a kick back in advance perhaps. Is that the rub Bill?
Effectively if we do pay something to the candidate we are cutting our fee because it has to come out of the fee that we would earn so i get what you were saying about cutting the fee. I don't know squat about real estate but are we talking about the difference in cutting a commission % and paying a buyer or seller directly some amount to close the sale. For instance if the realtor put a deal together that goes to the lender with sale price 100K then turns around and pays the seller 5K out of their commission because the seller would not take less than 105K is that illegal. Or if the realtor pays the buyer 5K so the buyer can make a larger down payment in order to qualify for the loan is that illegal? Just asking.
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