I worked in real estate before I transitioned to insurance, and I used to give a small closing gift (a $25 restaurant gift certificate) to other agents who consistently referred clients to me. I'm looking for creative ways to gain more referrals, and I know this industry is highly regulated. Is it legal/ethical to gift something like that to clients who refer other people who also become clients?

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$25 is the most we can give. I do a raffle with anyone who refers business to me monthly for a $25 gift card

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My husband sends lotto scratchers. It’s great when someone wins, they always contact him to let him know.

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Love this idea!!!

I play it safe and stick with handwritten thank-you notes.

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This can depend a lot on your state, licence, etc. Going over certain dollar amounts can also be an issue. Also can be a problem when tying the ‘gift’ with the purchase. I’d just do some checking around. Referrals are a great way to get business, but definitely a lot of stipulations to consider.

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Try alignable?

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When it was time to refinance my house, the mortgage company I went through ended up giving me a $10 Starbucks card after closure. I was referred by somebody at work and he got a round of golf. My daughter is a realtor had a custom wine and cheese board made for her after she closed on her first home.

It depends on the line of business. If you are giving a "Gift" to a Medicare beneficiary, CMS limits the retail amount to $15, and you cannot give cards that could be redeemable for cash, or cards that are for stores where you could buy everything (like cash), for example Amazon or Walmart cards.

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