easy · National Real Estate Exam
According to federal anti-kickback laws (RESPA), an agent may receive a referral fee only if:
- The title company pays the fee in cash to ensure it is not tracked.
- The buyer and seller agree to let the agent keep the kickback.
- The fee is paid by another real estate broker for a client referral and no settlement services are involved.
- The fee is less than $100 and provided as a gift card.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam practice
- A broker's employment contract with a seller is officially called the:
- What is the current status of the contract?
- A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money
- A buyer makes a written offer to a seller. Two days later, before the seller has responded
- A contract for the sale of a property is signed. Before closing, the property is destroyed
- A contract for the sale of real estate that has been signed by both parties is valid, but
- A contract that is valid and binding but allows one party to avoid the agreement because o
- A contract that is valid and enforceable until it is canceled by a party who was a victim