[WSBARP] real estate commissions

[Roger Hawkes]

Thanks, Erik.

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Erik Marks
Sent: Thursday, November 10, 2022 9:58 AM
To: wsbarp at lists.wsbarppt.com
Subject: Re: [WSBARP] real estate commissions

When I first acquired a broker’s license, I would routinely rebate 50% of the buyer’s agent commission to my client when the client found the home on their own and I didn’t need to do any showings.  (This was 2008-2012 timeframe, when that sort of thing was easy to achieve.)  At the time I did pursue the question about legality of the rebate, and I got to a personal comfort level that such commission rebates to the buyer were allowed.  My recollection is that I achieved that comfort level through research, a phone call with DOL, and review of a private letter ruling issued by DOL to another brokerage who was operating with a similar structure.

Erik


--
Erik G Marks
Attorney at Law
PO Box 16247
Seattle, WA 98116

(206) 612-8653
erik at egmrealestate.com<mailto:erik at egmrealestate.com>
Physical Office:
4220 SW Spokane St
Seattle, WA 98116


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