Which of the following is true regarding shared commissions between out-of-state brokers?

The statement that the out-of-state broker can receive a referral fee accurately reflects the rules governing commission sharing between brokers in different states. In many states, including Florida, it is permissible for licensed brokers to share referral fees even if one of the brokers is located out of state. This arrangement typically involves one broker referring a client to another broker and receiving a fee for that referral once a transaction is completed.

This practice is common in real estate and fosters cooperation among brokers across state lines, allowing them to benefit from referrals without directly participating in negotiations in a state where they are not licensed. The referral fee must comply with the regulations and laws of both the referring and receiving states, ensuring that licensing requirements are upheld.

Understanding this aspect is crucial for agents and brokers as it allows for increased collaboration and potential income opportunities through referrals, which can enhance their business prospects significantly.