Works and transactions in real estates : working in real estate, referral commissions

السؤال

Assalamu Alaikum I hope all is well with you and your family. I hope you have a few minute to answer three questions that are very important to me. I work part-time as a software-engineer. Over the past two years, I have developed interest in real estate. I studied for my real estate license and received my license to practice real estate. My first question is if it is Haram to be a Realtor or practice real estate because the majority of buyers apply for loans and the majority of sellers look at the offer from a “qualified buyer” perspective. The loans are pretty much integral to most real estate transactions. My second question is about earned income from real estate referral. If I am allowed to be a realtor and practice real estate, then furthermore, am I allowed to earn income from referrals ? I affiliated with broker called Keller Williams and in that company, if you refer a person to Keller Williams and he / she joins, you earn income off his / her transactions for as long as they stay with the company. And they are also allowed to refer others down 7-levels from which you earn income as well. Because the high probability these referred agents (since they are not Muslim) will use or involve in loans in their transactions, will my earned income be Halal ? Lastly, my 3rd question has to do with a Muslim brother who brought me to real estate. When I bought real estate investment properties with him two years back, we agreed he would save me on commission if he sells the properties for me too. I am currently selling these properties but the problem is when he sold one of those properties for me 1 year ago, he did not think in my best interest and almost forced me to settlement. This ended up costing me over $ 100,000 loss. In retrospect, I feel he did not do his job as a realtor-he just wanted the sale to earn his commission. Because of this, I feel I should not pay this person who cheated me any of the other commission when I sell my properties these years. But I fear Allah SWT much more so I need to know if I will be punished for this because he is due this commission based on our agreement even though I was badly hurt by this loss. Jazak Allah Khair and I am sorry for the long email. Wa’alaikum Asalam,

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2006-05-16

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-788588

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