Agency
In Maine, a real estate agent who earns a referral fee from a mortgage lender for referring a borrower must:
AKeep the fee confidential
BDisclose the referral fee arrangement and comply with RESPA requirements✓ Correct
CShare the fee with the buyer
DReturn the fee to the seller
Explanation
RESPA Section 8 prohibits kickbacks or unearned referral fees between real estate agents and lenders. Legitimate referral fee arrangements require disclosure and compliance with RESPA.
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