Vicky is a real estate licensee whose friend Thomas is a home inspector with an excellent reputation. When Vicky has a buyer interested in a property, she sends them to Thomas, who pays her brokerage a $50 referral fee. Is this a legal practice? a. under no circumstances. b. yes with the permission of vicky's broker, and if the buyer knows of and agrees to the arrangement. c. yes if the money is paid to vicky through the broker in charge. d. yes because small amount of $50 of less are viewed as "honorariums," not fees or commissions.

Social Studies · High School · Mon Jan 18 2021

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Answer: b. yes with the permission of Vicky's broker, and if the buyer knows of and agrees to the arrangement.

The practice described can be legal if Vicky has the permission of her broker, and the buyers are fully informed about the referral fee and agree to the arrangement. This condition is critical to ensure transparency and maintain trust among all parties involved. Disclosure of any compensation or referral fee is a fundamental requirement in many jurisdictions to prevent conflicts of interest and ensure that clients can make informed decisions. However, it's important to note that real estate laws and regulations can vary significantly by location, so specific local laws should always be consulted to determine the legality of such practices.

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