Sentences with phrase «fee splitting arrangement»

Eventually, the trial court ruled that New York law barred from claiming a commission or any other compensation because the Broker had entered into an illegal fee splitting arrangement with the Bank.

Before accepting or paying a fee for referral of a residential mortgage loan transaction you must determine if a payment (or fee splitting arrangement) is permissible under RESPA.

Not exact matches

The arrangement proved lucrative for all sides, with Weitz estimating Silver's clients collected about $ 20 million in «recoveries,» while Silver and the firm split about $ 10 million in legal fees.

The fact that there is a separate transaction in which the service is paid does not mean that the arrangement is not fee splitting as described in the Rules of Professional Conduct.

While all panelists agreed that profitability is most important, each gave different ideas of how to respond to requests for alternative fee arrangements, from fixed fees and discounted hourly rates, to finding opportunities for the firm and their client to «split the difference» when certain milestones are achieved at greater - than - expected margins.

Paragraph (e) eliminates the requirement in the Virginia Code that each lawyer involved in a fee - splitting arrangement assume full responsibility to the client, regardless of the degree of the lawyer's continuing participation.

Any arrangement that you make (in terms of fee splitting) will be between you and the referring attorney.

The Telegraph reported on 8th January that parents who split up may face a government fee to deal with child maintenance arrangements.

Under the old laws, Maclay was prohibited from getting a Louisiana broker's license, and in order to transact business in the state, had to enter into a cooperating agreement containing the mandatory fee - splitting arrangement.

Thus, whether such a fee - splitting arrangement is legal remains an open question in New Jersey.

In order to avoid these doctrines, the Broker argued that the payments were not an illegal fee - splitting arrangement because no real estate brokerage services were provided by the Broker or the Bank.