Who do you give gifts or bonuses to in the RE world during the holidays?

The owner then passses the cash from the loan to his heirs as is allowed in annual tax free gifts.

If you do, this may not qualify as an arm's length transaction then you should have a tax pro talk to you about structure so as to avoid the transaction looking like a gift.  

I'm assuming you're talking about gift deeds or other transfers for no consideration?  

My focus is on keeping my rental occupied, not romantic idiocy for four room mates who each will have some conflict and a big mouth.

I have bought gifts for the agents I use from time to time.

If someone not licensed refers business to me I either refer business back to them when given the opportunity or follow up with a thank you card and a gift card for coffee, lunch or somewhere I know they would enjoy.

But I can say that you'll have trouble with the IRS on a 0% loan: the rate discount would be taxed as a gift, I believe.

@Zachary Martin There are several pitfalls you will need to avoid - the biggest one off the top of my head will be avoiding the mortgage buy-out being classified as a gift.

I am wondering if this would cross any legal boundaries, as I am not an agent, and whether offering a gift card instead would be a much safer avenue than a "referral fee" to advertise this reward.