Posted By: BAY
Kickbacks - 01/15/19 09:11 PM
Marketing wants to mail postcards to potential clients. The postcard consists of a list of homes available for sale by a specific realtor, the realtor's contact information is provided on the ad. The ad states "xxx is your go to agent for quality service with over 15 years experience to get your home sold quickly. In conjunction with top notch partners like XXXX at XXXX Bank you can trust that you are in good hands throughout the entire process"
Because this is 1 realtor and 1 MLO, I am of the opinion that this can be seen as a referral with something of value (the opportunity for business) implied and would violate the RESPA kickback prohibitions.
Because this is 1 realtor and 1 MLO, I am of the opinion that this can be seen as a referral with something of value (the opportunity for business) implied and would violate the RESPA kickback prohibitions.