Legal Question in Real Estate Law in New York

Am I legally entitled to pay someone some sort of referral/finders fee if there is nothing in writing and when they gave me the lead and when I closed the lead, they had moved out of state and no longer had their NY salesperson licensed sponsored by a broker? There is more to the story but that is the main question...


Asked on 11/11/11, 5:17 am

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

It does not appear there is a problem. Just remember that you need to file a Form 1099 and Form 1096 with IRS to report the fee. This is a reply to an Internet question and the response is not intended to be legal advice or as creating an attorney-client relationship.

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Answered on 11/14/11, 10:09 am


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