A PA broker attends a real estate conference in Nevada and meets a Nevada agent who wants to send clients relocating to Pennsylvania. Under RELA, what agreement should the PA broker establish?
Correct Answer
A) A written referral agreement between the PA broker and the Nevada broker specifying the terms and referral fee
Best practice and RELA compliance require a written referral agreement between the PA broker and the Nevada broker. The agreement should specify the terms of the referral relationship, including the referral fee percentage and how referrals will be handled.
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