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Updated about 11 years ago on . Most recent reply

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Belinda D.
  • Oakville, Ontario
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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?

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Will Barnard
  • Developer
  • Santa Clarita, CA
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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.

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