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The Compliance and Risks of Off-Book Broker Rebates (opens the original)
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Question:I am on the legal 1 class for my licence renewal for agent. I see in my material: Don't Forget the Conditions It's another rebate rumble. The sales agent in this case said yes to his buyer getting some money back ... but the lender said no. Here's what happened: • A buyer executed a contract after being assured by his agent he would receive a credit towards closing costs. • The rebate was not included in the contract documents. • The lender later informed the buyer's broker that the reb
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