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  1. #1
    Terry Ewald's Avatar
    Terry Ewald Guest

    Default Long & Foster Prestige Partners?

    Was marketing to a long & Foster office today and the agent covering the front desk said she couldn’t talk to me unless I was an L&F Prestige Partner…aka (L&F Home service connections). Is anyone a member of this and is it worth filling out the paperwork?

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  2. #2
    Join Date
    Mar 2007
    Location
    Plano, Texas
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    4,170

    Default Re: Long & Foster Prestige Partners?

    Quote Originally Posted by Terry Ewald View Post
    Was marketing to a long & Foster office today and the agent covering the front desk said she couldn’t talk to me unless I was an L&F Prestige Partner…aka (L&F Home service connections). Is anyone a member of this and is it worth filling out the paperwork?
    Sounds like a shake down racket to me and verboten around here to have to pay to play (although it still goes on.)
    They can get around the rule by claiming that you are paying for "advertising" space in their client guide.

    Jim Luttrall
    www.MrInspector.net
    Plano, Texas

  3. #3

    Default Re: Long & Foster Prestige Partners?

    With the texas rules as tough as they are there has to be a rule agains this. Restraint of trade?


  4. #4
    Join Date
    Mar 2007
    Location
    Plano, Texas
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    4,170

    Default Re: Long & Foster Prestige Partners?

    Federal Respa laws:
    Sec. 2607. Prohibition against kickbacks and unearned fees
    (a) Business referrals
    No person shall give and no person shall accept any fee, kickback,
    or thing of value pursuant to any agreement or understanding, oral or
    otherwise, that business incident to or a part of a real estate
    settlement service involving a federally related mortgage loan shall be
    referred to any person.


    There is also the requirement of disclosure of any referral fee by state mandate.

    For this as well as the universal "smell test" I stay away from it all.

    Jim Luttrall
    www.MrInspector.net
    Plano, Texas

  5. #5
    Join Date
    Mar 2007
    Location
    Spring Hill (Nashville), TN
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    5,847

    Default Re: Long & Foster Prestige Partners?

    Quote Originally Posted by Terry Ewald View Post
    Was marketing to a long & Foster office today and the agent covering the front desk said she couldn’t talk to me unless I was an L&F Prestige Partner…aka (L&F Home service connections). Is anyone a member of this and is it worth filling out the paperwork?
    Sounds like a pay to play scam.. Many folks are doing it, Caldwell Banker in some areas, Crye-Leike, ReMax, and I'm sure several others. You pay them a fee to place your advertising material in their office and to have access to their agents. It is up to the individual Broker or owner, some do it and many do not. I would not do it....

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  6. #6
    Join Date
    Mar 2007
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    Spring City/Surrounding Philadelphia area
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    Default Re: Long & Foster Prestige Partners?

    All the more reason to not market to realtors. Did they want you to fill out a 1099 too?

    "It takes a big man to cry. It takes an even bigger man to laugh at that man". - Jack Handey

  7. #7
    Terry Ewald's Avatar
    Terry Ewald Guest

    Default Re: Long & Foster Prestige Partners?

    yup...W-9 and carry $2 mil in General Liability Ins


  8. #8
    Join Date
    Mar 2007
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    Spring City/Surrounding Philadelphia area
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    Default Re: Long & Foster Prestige Partners?

    Quote Originally Posted by Terry Ewald View Post
    yup...W-9 and carry $2 mil in General Liability Ins
    Gooood-bye.

    "It takes a big man to cry. It takes an even bigger man to laugh at that man". - Jack Handey

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