Florida Real Estate Exam Prep 18, Commissions Referral Fees and Kickbacks

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - All compensation for real estate services must be paid to a sales associate through their employing broker. - Florida brokers can pay referral fees to out-of-state brokers as long as that broker does not perform services within Florida. - Paying unlicensed individuals for real estate referrals is illegal, with a specific exception allowing up to a $50 finder's fee for apartment tenants. - Sharing a portion of your commission with a buyer or seller is legal in Florida, provided it is fully disclosed to all parties, including the lender. - The federal RESPA law prohibits kickbacks and unearned fees between settlement service providers, such as agents, lenders, and title companies. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep