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ASK ELLIOTT #38: Can I accept a monetary gift from my Buyer?

Hi Elliott………I have a buyer who is so happy with my service that he wants to give me a monetary gift after the closing. Is it ok to take it?

My gut says no and I know all commissions must be paid out through the broker but I’m just not sure in the case of a “gift”.

Thanks Elliott! Love your forum!

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My answers are general answers to general questions regarding real estate practices in New Jersey, I am not a lawyer. I suggest that you consult an attorney when appropriate.