Agency
A Georgia buyer's broker receives a referral from an out-of-state broker. The Georgia broker closes the transaction and is contacted by the out-of-state broker for their referral fee. The Georgia broker should:
ARefuse to pay — only Georgia brokers can receive compensation
BPay the referral fee pursuant to the written referral agreement between brokers✓ Correct
CReport the out-of-state broker to GREC
DObtain GREC approval before paying
Explanation
Referral fees between licensed brokers (including out-of-state brokers) are legitimate when properly documented. The Georgia broker should pay the referral fee per the written referral agreement.
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