Good morning!
One of our MLOs asked me a question this morning that I couldn't immediately answer. A local bank gave a few 'coupons' to a real estate agent that are for consumers for $400 reduction in fees for mortgage loans issued at that bank. The real estate agent is going to do a drawing for these coupons for individuals who have come in and met with the realtor to discuss purchasing a home.
While this could be construed as a lottery, I don't think the bank would have any involvement and I don't believe there are lottery restrictions for realtors. Obviously our MLO would like to be able to do something to promote our financial institution.
Does anyone have any thoughts?
Thank you!
_________________________
My Opinions Only