The Connecticut Real Estate Commission scheduled an Oct. 3 hearing in Hartford, as it readies a declaratory ruling on an incentive program Toll Brothers hopes to roll out to bolster home sales in Connecticut.
Toll Brothers developments in Connecticut include Rivington in Danbury and The Summit at Bethel.
Under the Horsham, Pa.-based company”™s incentive program, those who already own a home in a Toll Brothers development would receive a “gift” of up to $3,000, if they refer a family member of friend to purchase a home that results in a transaction.
Connecticut law prohibits referral fees or shared commissions for anyone who does not hold a real estate license. A Toll Brothers attorney stated the company should be allowed to pay a “recommendation fee” due to the company”™s status as a home builder and seller.
Toll Brothers stated it in no way would interfere with the ability of any broker to earn a commission on the sale of a home, and that any homeowner gift would be in addition to any commission paid to a broker.
