Missouri License Law
In Missouri, a real estate licensee who receives a referral fee for sending a client to an out-of-state broker must:
ASend the fee directly to MREC
BEnsure the arrangement complies with both states' laws and disclose it to the client✓ Correct
CRefund the fee to the client
DObtain MREC approval before accepting the fee
Explanation
Referral fee arrangements between Missouri and out-of-state brokers must comply with both states' licensing laws. The Missouri licensee should disclose the referral relationship to the client as required by their fiduciary duty.
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