Real Estate Referral Fees

In Florida, loan brokers are generally prohibited from paying referral fees to unlicensed individuals. The Florida Office of Financial Regulation (OFR) enforces these rules.
- Referral fees must be paid to licensed individuals.
- Paying unlicensed persons can result in penalties.
Do you have a specific situation or need more details on this?

In Florida, loan brokers can purchase leads from unlicensed individuals as long as the payment is for the lead itself and not as a referral fee. This means they are paying for marketing services rather than a referral.
Is there a specific situation you are concerned about regarding buying leads?

In Florida, there is no specific limit on the cost of a lead. The price is typically determined by market conditions and negotiations between the buyer and the seller of the leads. However, it's important to ensure that the transaction complies with any relevant regulations.
Do you have any additional questions or concerns about this process?

In Florida, an ad agency can structure a payment agreement based on the success of the leads they provide. This is a form of performance-based payment. However, it's important to ensure that the agreement complies with any relevant regulations and is clearly outlined in a contract.
Is there a specific type of loan or situation you are dealing with?

In Florida, the regulations for referral fees and lead payments include:
- Referral fees can only be paid to licensed real estate professionals.
- Unlicensed individuals cannot receive referral fees.
- Loan brokers can purchase leads from unlicensed individuals but cannot pay referral fees to them.
- Payment agreements with ad agencies can be performance-based, provided they comply with relevant regulations and are clearly outlined in a contract.
Are you dealing with a specific type of loan or transaction that needs further clarification?