Referral Fee for Commercial Loans
by Andy Zavoina, BOL Guru Guru BIOS
Question: From a Federal Savings Bank SBA and Commercial Real Estate Lending Platform: are there constraints (whether state specific or federal regulated) in the payment of referral fees to third parties such as commercial or residential real estate agents for Commercial origination opportunities? i.e. using a percentage of the loan amount as opposed to flat fee etc.
Answer: I am not sure if I understand the question. But RESPA will not apply. Other than that the market normally dictates what fees are paid and to whom. Restrictions associated with consumer transactions do not apply.
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