ASK ELLIOTT #38: Can I accept a monetary gift from my Buyer?

Elliott will answer any questions that you may have about the laws, rules or code of ethics. He never will divulge specifics of your name or company. Some questions will be posted here. Email your questions to askelliott@caplanschool.com.

Hi Elliott………I have a buyer who is so happy with my service that he wants to give me a monetary gift after the closing. Is it ok to take it?

My gut says no and I know all commissions must be paid out through the broker but I’m just not sure in the case of a “gift”.

Thanks Elliott! Love your forum!

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