Sister Property Referrals

Topic Author
Grace
13 years 5 months ago #6603 by Grace
Sister Property Referrals was created by Grace
Can anyone tell me if it is illegal to give a resident referral bonus to a resident that refers a new resident to a sister property?
13 years 5 months ago #6603 by Grace
Gerry Hunt
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13 years 5 months ago - 13 years 5 months ago #6605 by Gerry Hunt
Replied by Gerry Hunt on topic Re:Sister Property Referrals
Hi Grace,
In several states it is illegal to give referral fees of any kind.
I think your questions is a good one to ask you corprate office. If they don't have a policy, perhaps you can help establish one!!
13 years 5 months ago - 13 years 5 months ago #6605 by Gerry Hunt
Topic Author
Alexii
13 years 5 months ago #6608 by Alexii
Replied by Alexii on topic Re:Sister Property Referrals
From my experience (in Ohio)it is legal as long as you: 1. have a written policy that clearly states the criteria and guidelines for a resident referral 2. make sure that the opportunity for a referral bonus is offered equally to all residents in your community 3. thoroughly follow the company's criteria for applicant approval on the referred prospects (no special favors).
13 years 5 months ago #6608 by Alexii