If an Illinois attorney is recognized as a real estate broker, what should a Florida broker do concerning a referral fee?

The correct choice is to obtain verification that Illinois attorneys are recognized as brokers. In Florida, real estate laws are specific about whom can legally receive referral fees related to real estate transactions. While Florida does allow certain licensed professionals to receive referral fees, it's essential for a broker to confirm that the attorney in Illinois has the requisite recognition and authority to operate as a broker in that state. This verification ensures compliance with Florida law, which helps prevent any legal complications that could arise from paying a referral fee to someone who may not be properly licensed in their jurisdiction.

Taking this step to verify the attorney's status not only protects the broker's interests but also aligns with ethical practices in real estate transactions. It demonstrates due diligence in understanding and adhering to licensing requirements, which ultimately facilitates smoother business relationships across state lines.