May 01, 2023

Fact or fiction: Can my closing gift exceed $50?

May 01, 2023 A closing gift you give to a client must not exceed $50 in value. Fiction. There is no Texas Real Estate Commission rule restricting the value of closing gifts where there is no expectation of a referral and no actual referral has been made. The $50 limit applies to gifts for referrals
Background

May 01, 2023

A closing gift you give to a client must not exceed $50 in value.

Fiction. There is no Texas Real Estate Commission rule restricting the value of closing gifts where there is no expectation of a referral and no actual referral has been made. The $50 limit applies to gifts for referrals from unlicensed individuals.