Quote:
Originally Posted by TeresaE
Kickbacks from mortgage companies to real estate agents is illegal. Look up RESPA No brokerage gets anything from a mortgage company. Buyers agent may refer a mortgage company in order to help the buyer qualify for a purchase. But no money is ever exchanged. BTY. The average income for a real estate agent is $30k a year. And they work very hard for that money.
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Yes, everyone plays by the rules and abides by all the laws in thier applicable industry. Kickbacks, tickets to the Yankees game, free dinners, call it what you like but there ARE "agreements" in place. However, that's not how every single realtor operates and I commend the ones that act ethically and in the best interest of their clients.