Agency
A North Dakota buyer's broker receives a referral from a friend who is not a licensed agent. The broker may pay this friend:
AA referral fee equal to 25% of the commission
BNothing, as North Dakota law prohibits paying compensation to unlicensed persons for referrals that involve regulated real estate activities✓ Correct
CA flat fee of $500 as a finder's fee
DA gift card valued at up to $100
Explanation
North Dakota prohibits payment of compensation or any valuable consideration to unlicensed persons for activities that require a real estate license, including referrals leading to licensed real estate services.
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