Colorado License LawIntermediateColorado Exam
In Colorado, a real estate broker may pay a referral fee to a non-licensed person only if:
AThe referral fee does not exceed $500
BThe payment is disclosed to all parties
CThe unlicensed person did not perform any act requiring a licenseCorrect
DThe non-licensee is a family member of the broker, as a general rule
Why The unlicensed person did not perform any act requiring a license Is Correct
Answer C: The unlicensed person did not perform any act requiring a license
In Colorado, a licensed broker may pay a referral fee to an unlicensed person only if the unlicensed person did not perform any activities requiring a real estate license (such as negotiating, showing property, or discussing terms). Paying fees for licensed activities to unlicensed persons is illegal.
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