e070226 Discount Coupons
Identifier: e070226
Date: 02/26/2007
Question
Do discount coupons provided only to realty agents who meet specific requirements violate the CoE 1.C which prohibits direct or indirect compensation to realty agents?
Response
Discount coupons distributed to realty agents to be redeemed by home buyers, rather than the agents, whatever the scheme devised for distribution, do not constitute compensation and do not violate the Code of Ethics. While such coupons could be viewed as an inducement to referrals, the realty agent is not receiving compensation.