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Can a licensed property manager pay referral fees to non-licensees?

Can a licensed property manager pay referral fees to non-licensees?

Q: What is a reasonable finder's fee?

A reasonable finder's fee typically ranges from a small percentage of the transaction amount to a flat fee, depending on the arrangement and local market practices. However, it's essential to ensure that the fee complies with state laws, which may limit the amount or require that the recipient be a licensed professional.

Q: How much is a property management finder's fee?

A property management finder's fee can vary widely, often ranging from 25% to 50% of the first month's rent or a flat fee. The specific amount should be agreed upon in advance and must comply with state regulations regarding compensation for real estate services.

Q: Can you pay someone a referral fee?

Paying a referral fee is generally permissible, but it must be done in accordance with state laws. In many states, only licensed real estate professionals can receive referral fees. Therefore, it's crucial to verify that the recipient is licensed to avoid legal issues.

Q: Is it legal to pay people for referrals?

It is legal to pay for referrals, but the legality depends on the recipient's licensing status and compliance with state laws. In states like Oregon, only licensed real estate professionals can receive referral fees. Always check local regulations to ensure compliance.

Full question:

who can I pay a refferal fee to, as a licensed property manager?

Category: Real Property
Subcategory: Sales
Date: 04/07/2025
State: Oregon

Answer:

A real estate licensee cannot share a commission or any compensation from a real estate transaction with anyone who is not a licensed real estate professional. According to Oregon law, only individuals with an active real estate license can engage in professional real estate activities (ORS 696.020). This means that as a licensed property manager, you must adhere to these regulations and cannot pay referral fees to non-licensees.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

What is a finder's fee for a property manager?

A finder's fee for a property manager is a payment made to someone who refers a client or tenant to the property manager. However, in many states, including Oregon, only licensed real estate professionals can receive such fees. This means that property managers must ensure that any compensation is paid in compliance with state laws governing real estate transactions.

Can a realtor pay a referral fee to a lender?

In general, realtors can pay referral fees to other licensed professionals, including lenders, as long as the payment complies with state laws and regulations. However, it's important to ensure that both parties are licensed and that the referral fee arrangement is disclosed as required by law. Always check specific state regulations for any restrictions.

What is a reasonable finder's fee?

How much is a property management finder's fee?

Can you pay someone a referral fee?

Is it legal to pay people for referrals?

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