Practice Of Real EstateLicense LawMEDIUM
On a North Carolina exam item about compensation authorization, disclosure, and limits, which concept is being defined? Apply the description that follows. Description: Payment received because one broker sends a prospect or client to another broker.
Correct Answer
A) Referral fee
Referral fee
Answer Options
A
Referral feeB
Excise stamp taxC
Due diligence feeD
Trial balanceWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
referral feebroker-to-broker compensationactive license requirementRESPAclient referral
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