- (1) An inducement gift is permissible and is not an illegal sharing of commission if the principal broker or affiliated licensee offering the inducement gift to a buyer or a seller complies with the underwriting guidelines that apply to any loan in the transaction for which the inducement has been offered.
- (2) A closing gift is permissible and is not an illegal sharing of commissions.
KEY: real estate business, operational requirements, trust account records, notification requirements
Date of Last Change: August 16, 2023
Notice of Continuation: February 5, 2025
Authorizing, and Implemented or Interpreted Law: 61-2f-103(1); 61-2f-105; 61-2f-203(1)(e); 61-2f-206(3); 61-2f-206(4)(a); 61-2f-306; 61-2f-307