Mississippi License Law
Under Mississippi law, a real estate licensee who receives a referral fee from a mortgage company for referring a buyer must:
ADisclose the referral fee only if it exceeds $500
BDisclose the referral arrangement in writing to the buyer before the referral✓ Correct
CNever accept referral fees from mortgage companies
DDisclose only at closing
Explanation
RESPA and Mississippi license law require written disclosure of referral fee arrangements before the referral is made. Undisclosed kickbacks or referral fees violate both federal and state law.
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