Montana License Law
A Montana real estate licensee who accepts a referral fee from a home warranty company without disclosing it to their client has:
ACommitted an acceptable business practice
BViolated license law by accepting undisclosed compensation✓ Correct
CComplied with RESPA since the fee is under $50
DCreated a legal transaction bonus
Explanation
Montana license law and federal RESPA require disclosure of any compensation or referral fees received. Accepting undisclosed compensation from third parties is a license law violation and may also violate RESPA.
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