I've read that federal law requires a person receiving a referral fee to have a real estate license. My process will simply match people to specific apartments for free and be listed as the referring entity. I know other companies do this already, but I’m not sure what rules they follow. I''m in Ga...
Every state has different rules and regulations. Typically were the line is blurred is if you actually engage in the showing, promoting , leasing or doing any work for the landlord that would require a license
If you are exclusively going to do marketing than do not call it a referral, but a simple marketing fee that would be due only if the marketing you launched ended in the unit being rented.
The minute you start executing services that would require a real estate license, such as drawing up contract, taking applications, showing units etc., then you are in RE Agent territory.
Keep it simple and keep it clear and draw a very strict line on what you offer and you should be ok.
Answered 9 years ago
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