§ 58-3076 — Referral fees, solicitation of; relocation benefits, threats to reduce or withhold; terminating or amending agency agreements

(a) A licensee or anyone on behalf of any such licensee or firm, whether licensed in this state or in another state shall not solicit a referral fee without reasonable cause. Reasonable cause shall not exist unless one of the following conditions exists:
(1) An actual introduction of business has been made;
(2) a contractual referral fee relationship exists; or
(3) a contractual cooperative brokerage relationship exists.
(b) A licensee or anyone on behalf of any such licensee or firm, whether licensed in this state or in another shall not:
(1) Threaten to reduce or withhold employee relocation benefits or take other action adverse to the interest of a client or customer of a real estate licensee; or
(2) counsel a client or customer of another real estate licensee on how to terminate or amend an existing agency agreement or sales contract. Communicating corporate relocation policy or benefits to a transferring employee shall not be considered a violation of this paragraph, as long as the communication does not involve advice or encouragement on how to terminate or amend an existing agency contract.

Legislative History

L. 2000, ch. 102, § 5; July 1.