Finders Fees

Aug 13, 2019

  1. Charlie456
    Offline

    Charlie456 Expert

    Posts:
    88
    Likes Received:
    0
    State:
    Massachusetts
    Do you know how I can find info on what's permissible with regard to finders fees for folks like CPA's that give referrals and aren't insurance licensed? There used to be a website that listed the info by state, but I can't locate it. I would love to know for various state, but did call a state DOI and they didn't seem to understand the question. Does anyone have a good resource for that? Thank you!
     
  2. rousemark
    Offline

    rousemark Still Here!

    Posts:
    16,635
    Likes Received:
    4,386
    State:
    Tennessee
    You can give whatever you like as long it is not contingent on a sale. The best thing to give is to give them referrals in return.
     
  3. LGilmore
    Offline

    LGilmore Guru

    Posts:
    4,123
    Likes Received:
    208
    State:
    Washington
    Most CPAs just want you to not screw up their clients they've referred to you. That's repayment enough or a lunch or beer after work.

    I would be nervous in either position if the other was concerned about referral fees. My CPA friends trusts me not to mess up whom they put me in touch with. They usually don't need money from me. They need me not to mess up things since they referred me.
     
    LGilmore, Aug 13, 2019
    #3
  4. Markthebroker
    Offline

    Markthebroker Guru

    Posts:
    1,209
    Likes Received:
    1,104
    State:
    California
    I'm on board with pretty much what everyone else is saying so far.

    My biggest concern when I refer business out is that my clients are well taken care of.

    I network with several different people, other agents, payroll, cpa, real estate agents, etc. and their main concern is consistently that the client is well taken care of.

    I'm in the business of evaluating risk and protecting assets. Like most successful people in the service business, the most valuable asset I own is my reputation.

    With that said, take care very good care of his clients, thank him and maybe drop by with chocolates every once in a while, and stay in contact with him. Do that and you'll probably be getting referrals from him for a long time.
     
  5. Facelesslk
    Offline

    Facelesslk New Member

    Posts:
    2
    Likes Received:
    0
    State:
    New York
    Great write,thanks for sharing
     
    Facelesslk, Aug 20, 2019 at 6:43 AM
    #5
Loading...
Similar Threads
  1. Badumas
    Replies:
    17
    Views:
    1,733
  2. lprobin
    Replies:
    6
    Views:
    1,402
  3. mrloustaunau
    Replies:
    1
    Views:
    821
  4. agentjhc
    Replies:
    21
    Views:
    2,420
  5. SamIam
    Replies:
    16
    Views:
    1,617