asked 28.7k views
3 votes
a real estate licensee pays a $50 referral fee to an unlicensed person for securing potential buyers. is this action permissable under the license law?

asked
User Mr Qian
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7.8k points

1 Answer

2 votes

Final answer:

A real estate licensee paying a $50 referral fee to an unlicensed person for securing potential buyers is generally not permitted under license law.

Step-by-step explanation:

Under typical real estate license law, a real estate licensee is generally not permitted to pay a referral fee to an unlicensed person for securing potential buyers. Most states have regulations that prohibit such practices because they wish to ensure that anyone who is compensated for real estate services is duly licensed and accountable.

The payment of referral fees to the unlicensed individuals could lead to unqualified persons participating in real estate transactions, which could compromise the integrity of the industry and potentially lead to legal issues for both the licensee and the unlicensed individual.

answered
User Hezamu
by
7.8k points
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