PSI Oklahoma Real Estate Practice Test

A resident may receive a referral fee for leasing a property of what maximum amount?

1. $50

2. $100

3. $500

4. It is illegal to pay a referral fee

The correct answer is: $100

In the context of real estate practices, a resident can receive a referral fee for leasing a property, and the maximum amount permitted by law for this referral is often set to encourage ethical practices and prevent excessive financial incentives that could lead to potential exploitation or conflict of interest. A referral fee of $100 aligns with the regulatory framework designed to maintain integrity within the real estate market. This amount allows residents to benefit from sharing leads without turning the process into an unregulated commission structure, which could encourage improper conduct. The options suggesting amounts greater than $100 would exceed established caps meant to regulate such fees, ensuring fair dealings in leasing properties. Additionally, an outright prohibition of referral fees would create a barrier for residents wishing to engage in legitimate business practices when connecting landlords with potential tenants. This balancing acts within the regulatory landscape helps to uphold ethical standards while providing residents with some opportunity for earnings.