Agency
In Georgia, a referral fee paid from one broker to another for directing a client is:
AProhibited under Georgia law
BLegal provided it is paid between licensed brokers✓ Correct
CRequired to be disclosed to the client only if it exceeds $500
DOnly allowed within the same MLS system
Explanation
Referral fees between licensed brokers are legal in Georgia and common in practice. RESPA may require disclosure in federally related transactions, but broker-to-broker referral fees are generally permitted.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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