Yes. It is permitted… as long as the Agent’s Broker permits the practice.
Yes. It is legal… TREC and others in the industry recommend disclosure to the Lender if there is one.
Yes. It is ethical. The practice harms no one and certainly helps the consumer. Most Realtor Associations have no qualms against commission rebates either. The Federal Trade Commission is very happy with the practice… Commission Sharing Rebates promote competition among Agents and help the consumer in a big way.
SEE THIS Federal Trade Commission WEBSITE page:
https://www.justice.gov/atr/rebates-make-buying-home-less-expensive
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