Colorado License Law
A Colorado broker who receives a gift from a vendor (inspector, lender, title company) must:
AA. Always decline gifts from vendors
BB. Be aware that gifts given in exchange for referrals may violate RESPA and Colorado rules; gifts should not influence referral decisions or exceed permitted thresholds✓ Correct
CC. Report all gifts to the Division of Real Estate
DD. Only accept gifts of less than $25 in value
Explanation
The federal Real Estate Settlement Procedures Act (RESPA) Section 8 prohibits kickbacks and unearned fees in settlement services. A broker should not accept gifts or payments from vendors (lenders, title companies, inspectors) in exchange for referrals.
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