If a Realtor sells a condo, Is it illegal for the Realtor to ask commission when its renovated.?

Question

The realtor, asked a contractor who's remodeling the same codo for a commission and asked the contractor not to say anything to the person who bought the condo.
I would appreciate a quick answer A.S.A.P.
I do believe they can get into trouble for that!! Who Knows the
Answer ??? Thanks...

The Realtor who asked for 5% commission from the contractor who renovated the sold condo, was the President of the company and also has brought in an assitant who works for her
to share the commission. She asked, the contractor not to disclose this info. to the owner. Please, only reply with your professional advice...

Answer 1

Anytime anyone asks for non disclosure to all interested parties -- something fishy is going on.

Every, and I do mean EVERY bit of compensation that a Realtor receives has to be disclosed to all parties. Report the jerk, all of those of us who are trying to conduct business ethically will be grateful.

Answer 2

It sounds like the contractor is paying a kickback to the REALTOR for getting him the job to renovate the condominium.

If this is not illegal, it should be.

Answer 3

In most states it is unethical for a REALTOR to accept undisclosed fees as a result of closing a transaction. If he had an understanding for compensation for a referral with the contractor that he recommended to the buyer then he was obligated to disclose that to the buyer or the seller.

Answer 4

A Realtor is only entitled to commission on the sale of the property, nothing else.

Answer 5

Contact your State Department of Real Estate and they can help you determine the answer to your question. REALTOR cannot assume kickbacks or gifts from third parties for any service rendered.

Answer 6

Irish is right. I don't quite understand what kind of commission he tried to scam the contractor out of.