Receiving a finder's fee from an agent
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
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.