Connecticut License Law
A Connecticut real estate salesperson wants to receive a referral fee from a title company for referring clients. Under Connecticut law, this is:
APermitted if the amount is disclosed to the client
BPermitted with the broker's written consent
CProhibited under RESPA and may also violate Connecticut license law✓ Correct
DPermitted as long as it is under $500
Explanation
RESPA prohibits fee-splitting and kickbacks between settlement service providers. Connecticut license law also prohibits licensees from accepting undisclosed compensation. Referral fees from title companies to licensees are generally prohibited under RESPA Section 8.
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