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<p class="MsoNormal"><span style="font-size:11.0pt">Thanks, Erik.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt">From:</span></b><span style="font-size:11.0pt"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Erik Marks<br>
<b>Sent:</b> Thursday, November 10, 2022 9:58 AM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> Re: [WSBARP] real estate commissions<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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.
<o:p></o:p></p>
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<p class="MsoNormal">Erik<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:10.5pt;color:black">-- <o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:#4D573A">Erik G Marks</span></i></b><span style="font-size:10.5pt;color:#4D573A"> </span><span style="font-family:"Times New Roman",serif;color:#4D573A"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><i><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#4D573A">Attorney at Law</span></i></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#4D573A">
</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black"><br>
PO Box 16247<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Seattle, WA 98116<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black"> <br>
(206) 612-8653<br>
</span><u><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:blue"><a href="mailto:erik@egmrealestate.com">erik@egmrealestate.com</a><o:p></o:p></span></u></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Physical Office:<br>
4220 SW Spokane St<br>
Seattle, WA 98116<o:p></o:p></span></p>
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