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Can our agency pay real estate agents, brokers or others for each piece of business they send to us?

April 26, 2017agency agents brokers Business pay piece Real Estate send

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Can our agency pay real estate agents, brokers or others for each piece of business they send to us?

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No. The Florida Statutes prohibit title insurance agents and agencies from paying, allowing, giving, or offering to pay, allow or give a direct or indirect inducement for the purchase of title insurance. Paying someone for each piece of business they send to you would be considered an inducement, which would be a violation of the statutes.