Property Management Referral Fees?

[Chris Gantz]

Hi all,

I'm focusing on scaling my property management company's client base and portfolio of assets under management. I've been contemplating the idea of offering a referral fee to any agents or brokers that bring us new clients/properties, but want to make sure I'm not breaking any laws. 

I've found a number of companies in other states typically offer 2 months of management fees for a new management contract, and an agreement that they will refer the client back to the agent/broker that referred them in the event the client is looking to buy or sell investments. 

My company is based/licensed in Wisconsin. The biggest question is whether I'm legally allowed to pay the referral in Wisconsin to other licensed agents/brokers?