Referral fees between brokers are "legitimate and acceptable" as long as the broker receiving the fee is not also being paid for other services in the same real estate transaction. It is never acceptable to charge "hidden fees", "secret profits", or "duplicate fees".
These are questions that the above text answers:
1. What are the conditions for referral fees between brokers to be considered legitimate and acceptable?
2. What types of fees are considered unacceptable in real estate transactions?
3. Can a broker receive a referral fee if they are also being paid for other services in the same transaction?
4. What are some examples of fees that are considered hidden or duplicate fees in real estate transactions?
5. Are referral fees between brokers regulated by rules and regulations?
6. Can brokers receive referral fees without providing any other services in the transaction?
7. What is the consequence of charging hidden fees in real estate transactions?
8. Are duplicate fees allowed in real estate transactions?
9. What is the importance of following the rules and regulations regarding referral fees between brokers in real estate transactions?