7.27 Out-Of-State or Out-Of-Country Business

If you are requested by a client to handle the listing or sale of property in a State that the Company is not currently licensed or in a geographic market worldwide not served by the Company (outside United States), it is the policy of this Company that you refer that business to a broker in that area, or if permissible by state or country, to arrange a reciprocal agreement to cooperate in the sale or cooperate with that broker. See Exhibit A for the list of States that the Company is currently active and licensed.