Wisconsin License Law
A Wisconsin licensee who receives a referral fee from a title company without disclosure to their client is:
APermitted to do so as long as it is under $500
BIn violation of RESPA and Wisconsin agency duties requiring disclosure✓ Correct
COnly prohibited if the client is a buyer
DPermitted with broker approval
Explanation
RESPA prohibits undisclosed kickbacks and referral fees in connection with federally related mortgage transactions; Wisconsin agency law also requires disclosure of all compensation sources.
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