Missouri License Law
A Missouri real estate broker who enters into a referral arrangement with a mortgage company must ensure the arrangement does not violate:
AOnly MREC ethical guidelines
BRESPA Section 8, which prohibits kickbacks and unearned referral fees in federally-related mortgage transactions✓ Correct
COnly state usury laws
DOnly federal tax law
Explanation
RESPA Section 8 prohibits giving or receiving anything of value for referrals of federally-related mortgage business unless the party performs actual services. Brokers must ensure any affiliated business or referral arrangements comply with RESPA's disclosure and service requirements.
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