A PA broker enters into a referral agreement with a licensed broker in Ohio. The PA broker refers a client to the Ohio broker for a property purchase in Ohio. Under RELA, can the PA broker receive a referral fee?
Correct Answer
A) Yes, a PA broker can receive a referral fee from a cooperating broker in another state for a referral
A PA broker can receive a referral fee from a cooperating broker in another state. Referral fees between licensed brokers for client referrals are permitted under RELA, as the PA broker is not performing licensed activities in Ohio.
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