A listing managing broker may not:

A listing managing broker must comply with various regulations concerning the payment of commissions and fees. The choice pertaining to paying a finder's fee to his aunt is correct as it highlights the restrictions placed on how and to whom a broker can pay such fees.

Compensating someone for referrals or leads must adhere to the rules set forth by real estate governing bodies, which generally require that fees be paid only to individuals who are licensed to perform real estate activities. In this scenario, paying a finder's fee to a relative who is not licensed would be improper and could lead to disciplinary action against the broker.

In contrast, options concerning paying commissions directly to a selling broker or being part of a referral service often involve licensed professionals complying with established protocols. Likewise, while a referral fee to a broker is allowed, it cannot be granted to an unlicensed individual due to similar regulations aimed at protecting the integrity of real estate transactions.