By quoting the below, I am not stating that I agree with the below (since I am not an attorney), but that the sources I'm quoting below are some of the most authoritative interpretation of the less specific but more authoritative legal code that I have seen as of the date of this publication regarding the definition of valuable consideration for referring business to real estate agents when not a real estate agent. This article is not endorsed by the Virginia Association of REALTORS® or any of the others I quote, though I quote a web page & podcast from VAR heavily.
This Article Should Not Be Construed as Legal Advice.
"...A real estate agent shall not pay or receive, directly or indirectly, any kickback, rebate, commission, thing of value, or other payment pursuant to a referral agreement..." except "between real estate licensees"
What About Cash Deals & Loans not Covered by RESPA?
Can my Agent Give me Extra Raffle Entries or Drinks If I Refer Them Business or Give Them a Review?
What are Some Examples & Details that the VAR Podcast Author(s) State Have Monetary Value & Couldn't be Done to Reward a Non-Licensed Referer, per RESPA – The Gift That Keeps on Giving – Legal Podcast, published by the Virginia REALTORS® Association on November 22, 2022?
Is There a Max Gift Threshold?
Can Agents Perform Valuable Services for or Take Former Clients Out to a Meal After a Referral?
Can my Agent Give me Extra Raffle Entries If I Refer Them Business?
What About Commission Discounts on Future Sale in Exchange for Referrals?
What About Gifts Not Dependent on Referrals?
What About a Donation in My Name?
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