Minnesota License Law
A Minnesota real estate salesperson works for Broker A and receives a referral fee offer from Broker B for referring a buyer. The salesperson should:
AAccept the referral fee directly since it is for their own work
BDecline since referral fees between competing brokers are prohibited
COnly accept if the referral fee is under $500
DDirect the referral fee to be paid to Broker A and receive it through their broker✓ Correct
Explanation
In Minnesota, all compensation received by a salesperson in connection with real estate activity must flow through their employing broker. A salesperson cannot receive referral fees directly from other brokers or parties.
Related Minnesota Minnesota License Law Questions
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