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#1969541 - 10/15/14 05:13 PM Bank sponsered Realtor Event-Section 8?
Likes to Comply Offline
Diamond Poster
Joined: Nov 2008
Posts: 1,060
In the mountains
I've been sent an ad to review for a Realtor event sponsered by the bank. It states "Special Gift, Free Food, Door Prizes, Giveaways, and the Cash Machine"

Wouldn't this be something of value for possible referrals?
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#1969545 - 10/15/14 05:23 PM Re: Bank sponsered Realtor Event-Section 8? Likes to Comply
Skittles Offline
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Skittles
Joined: Sep 2002
Posts: 13,963
TN
Have you invited all realtors, or just specific ones?
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#1969562 - 10/15/14 06:11 PM Re: Bank sponsered Realtor Event-Section 8? Likes to Comply
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
To answer your question: Yes, that is something of value. But as Skittles is trying to get at, this isn't necessarily illegal. If everyone's invited, it might be okay.
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#1969581 - 10/15/14 06:42 PM Re: Bank sponsered Realtor Event-Section 8? Likes to Comply
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Diamond Poster
Joined: Nov 2008
Posts: 1,060
In the mountains
It appears to be to all local realtors but I am checking to make sure.

Thanks smile
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#1969675 - 10/16/14 12:43 PM Re: Bank sponsered Realtor Event-Section 8? Likes to Comply
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Diamond Poster
Joined: Nov 2008
Posts: 1,060
In the mountains
The invites are going out to all realtors that are a part of the area Realtors Association.

Would this be ok? If so, can you please point me to a reference so that I may defend it?
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#1969738 - 10/16/14 02:26 PM Re: Bank sponsered Realtor Event-Section 8? Likes to Comply
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,839
Bloomington, IN
1024.14(g)(vi).
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