Agency
A NH licensee who receives a referral fee from an out-of-state broker for referring a NH client must:
AAccept only if the out-of-state broker has a NH license
BEnsure the referring broker is licensed and the arrangement complies with NH law and RESPA✓ Correct
CRefuse all out-of-state referral fees
DPay the fee directly to the client
Explanation
Referral fee arrangements between brokers must comply with NH licensing law (compensation only through licensed parties) and RESPA (no kickbacks in federally related transactions). The arrangement must be transparent and lawful.
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