Coupons to lower closing costs

Can a Savings and Loan send out closing costs coupons offering a $250 reduction to closing costs to Realtors for future customers that the agent may refer to the loan officer at the Savings and Loan?

1 Answer

I am not a lawyer nor versed in every detail of real estate law but since the realtor is not receiving any compensation it seems to be okay. There is no advantage for the Realtor to drive their clients to get a loan with this company except that it will save their clients money spent on closing costs. (As a realtor, I would want to know if the $250 is made up with less than desirable interest rates or loan terms.)