For example a closing gift is reasonable.
Something like a basket or gift card or donation in the client's name to a charity.
Now, any form of GIFT with a CSAH value is out of bounds. Giving a "KICK BACK" which is money that changes hands out side of escrow is a BIG NO NO!!!
Kawain Payne, Realtor
If you are giving a gift as a selfless act, or a "thanks" after the fact when there is nothing to gain, it's ethical and probably encouraged.
With conforming conventional home loans un-common and ethicial with in the guidelines that are set up with Fannie Mae and Freddie Mac. Gifts for these types of home loans require a much lower loan in ratio to the value of the property. No minium down payment for these types of loans.
Loan Officer/Real Estate Asset Planner
Financing Solutions for Arizona Real Estate since 1993
American Financial Lending, Inc.
20860 N. Tatum Blvd, Suite 160
Phoenix, AZ 85050-4277
602 277-3800 w
602 631-9788 f
602 524-2401 c
602 912-9438 h
BK # 0910057 NMLS LO ID # 284875