Final answer:
The statement that is NOT allowed in the relationship between a lender and a real estate licensee is the payment of a referral fee, not to exceed $50. This practice is prohibited by RESPA as it could lead to a conflict of interest and is against the interest of consumers.
Step-by-step explanation:
In the context of the relationship between a lender and a real estate licensee, there are regulations and ethical guidelines to ensure professionalism and prevent conflicts of interest. According to typical real estate industry standards and federal regulations, specifically the Real Estate Settlement Procedures Act (RESPA), a real estate licensee is not allowed to accept a referral fee from a lender that exceeds a certain minimal amount, which can be seen as a form of kickback.
The correct answer to the question about what is NOT allowed in the relationship between a lender and a real estate licensee is (a): A referral fee may be paid, not to exceed $50. This statement is incorrect because RESPA strictly prohibits the payment or acceptance of fees, kickbacks, or anything of value for the referral of settlement service business. Referral fees between lenders and real estate agents can create a conflict of interest, and as such, they are heavily regulated to protect consumers.