This is probably the wrong place for this question, however, I am wondering if anyone can provide any insight.
If I have a client who buys/sells commercial properties, for example, and I make the introduction to the broker and basically set up the deal for my client, would it be improper for me to collect a commission from the broker on top of my legal fee from my client? Is there a conflict here?
Also, same question but what if the Buyer/Seller is not my client but I refer a matter to a broker. Is it improper to ask the broker for a commission on the sale?
I just don't want to violate any ethical rules.
Thank you.
Commission Forum
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wishywashy
- Posts: 77
- Joined: Wed Sep 21, 2016 8:45 pm
Re: Commission
Not sure about your local ethical or ABA rules, but you need to look at state law and rules for brokers. If state licensed then they might have their own rules on who can receive pieces of commissions (or so called referral or bird-dog fees). In other words might be illegal under other law. IANAL, just my recollection on personal experience having a real estate license in a past life.
