As used in this part, unless the context otherwise requires: “Agency contract” means a valid written contract authorizing a real estate licensee to act as a party’s exclusive agent for the purchase, sale or lease of real estate; “Agency relationship” means the relationship resulting from an agency contract; and “Referral fee” means a commission or […]
Reasonable cause does not exist unless the party seeking the referral fee actually introduced the business to the real estate licensee from whom the referral fee is sought and at least one (1) of the following other conditions exists as between the party seeking the referral fee and the real estate licensee from whom the […]
It is unlawful for any person or entity to: Solicit or request a referral fee from a real estate licensee without reasonable cause; or Threaten to reduce or withhold employee relocation benefits or to take other action adverse to the interests of a client of a real estate licensee because of an agency relationship. Reasonable […]
It is unlawful for a real estate licensee, a relocation firm or a firm with a corporate relocation policy or benefits, or anyone on behalf of any such licensee or firm, to counsel a client of another real estate licensee on how to terminate or amend an existing agency contract. Communicating corporate relocation policy or […]
