Standard IV (B.8), Disclosure of Referral Fees, includes ________.

Standard IV (B.8), Disclosure of Referral Fees, includes ________.
A . referral fees paid in cash
B . referral fees paid "in kind"
C . soft dollar referral fees
D . all of these answers

View Answer

Answer: D

Explanation:

Under Standard IV (B.8), appropriate disclosure involves disclosing the nature of the consideration or benefit given or received for the recommending of services. Consideration includes all fees, whether paid in cash, in soft dollars, or in kind.