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10
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3
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Jennifer Quigley
  • Investor
  • Elkridge, MD
3
Votes |
10
Posts

Compensation for referring a lead to a realtor

Jennifer Quigley
  • Investor
  • Elkridge, MD
Posted

Hi everyone.  I'm a wholesaler in Maryland.  I often have sellers call me who actually have a retail property, rather than investment.  In this case, I refer them to a realtor I work with.  Is there a way for the realtor to legally give me some money for passing the lead to them?  I know I can't get a referral fee, since I'm not a licensed realtor.  However, some investors I know have mentioned the realtor can give a contribution to my marketing campaign.  I'd love to know what's legal in MD.  Thanks!

Most Popular Reply

Account Closed
  • Frederick, MD
256
Votes |
654
Posts
Account Closed
  • Frederick, MD
Replied

That's a slippery slope... I encourage you to check out the Maryland Code and consult an attorney.

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