The key seems to be "refering for a fee".(10) Any resident lessee of a residential dwellingunit who refers for compensation to the owner of the dwelling unit, or to the owner's agent, prospective lessees of dwelling units in the same building or complex as the resident lessee's unit, but only if the resident lessee (i) refers no more than 3 prospective lessees in any 12-month period, (ii) receives compensation of no more than $1,500 or the equivalent of one month's rent, whichever is less, in any 12-month period, and (iii) limits his or her activities to referring prospective lessees to the owner, or the owner's agent, and does not show a residential dwelling unit to a prospective lessee, discuss terms or conditions of leasing a dwelling unit with a prospective lessee, or otherwise participate in the negotiation of the leasing of a dwelling unit.

I guess I should pay for their cell phone and cable too. 

Whichever is smaller2.

I currently own a chain of cell phone stores which has lead to increased interest in real estate investing.

Good luck with whichever option you choose.Dave C

James, hi,  i'm in the same situation as you are/were...only have my state specific portion to complete. i just wanted your feedback on whichever practice exam you tried for pursuing your RE license. 

This extra money helps defer the cost of doing business (ie - Buildium, cell phone, driving to the properties for showings, cell phone, etc.)

So you can take out $50k or half of the value--whichever is lower. 

This is where I put all my expenses for technology, utilities (cell phone), training, licenses, etc...these expenses can't be tied directly to a specific property.

I would have to say these days, whichever one you choose, it would just be your preference.