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Can I offer a referral program for my customers in Tennessee? What are the requirements?
Based on the provided documents, it is possible to offer a referral program for customers in Tennessee, but there are certain requirements that must be met.
Requirements for Offering a Referral Program in Tennessee
According to TNCO 62-13-602, reasonable cause to solicit a referral fee exists only if the party seeking the referral fee actually introduced the business to the real estate licensee from whom the referral fee is sought and at least one of the following other conditions exists as between the party seeking the referral fee and the real estate licensee from whom the referral fee is sought:
- Sub-agency relationship;
- Contractual referral fee relationship; or
- Contractual cooperative brokerage relationship.
Therefore, to offer a referral program in Tennessee, it is necessary to have a relationship with the real estate licensee that meets one of the above conditions.
It is important to note that the documents provided do not specifically address referral programs outside of the real estate industry. However, it is recommended to consult with a legal professional to ensure compliance with all applicable laws and regulations.
Conclusion
To offer a referral program in Tennessee, it is necessary to have a relationship with the real estate licensee that meets one of the conditions outlined in TNCO 62-13-602. It is recommended to consult with a legal professional to ensure compliance with all applicable laws and regulations.
Jurisdiction
Tennessee