Agency
A Florida buyer's agent receives a referral fee from a home inspection company they recommend. To comply with RESPA and fiduciary duties, the agent must:
AKeep the referral arrangement confidential
BDisclose the referral relationship to the buyer and ensure the recommendation is in the buyer's best interest✓ Correct
CSplit the fee with the broker
DOnly accept the fee if it is under $100
Explanation
Accepting referral fees from settlement service providers requires disclosure to the client under RESPA (if it constitutes a kickback for a referral) and fiduciary duty principles. Undisclosed referral fees from inspectors, contractors, or lenders create conflicts of interest that must be disclosed.
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