Texas Crammer Practice Exam

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Which of the following gifts could an unlicensed person give for referring a client without violating any regulations?

$50 Restaurant gift card
$500 Cash bonus
Luxury vacation package
New smartphone

The correct answer is: $50 Restaurant gift card

An unlicensed person can offer a $50 restaurant gift card as a referral gift without violating regulations because it is within the permissible limit for gifts related to referrals. Many jurisdictions have specific regulations that set a cap on the value of gifts that can be given for referrals to ensure that the incentives remain modest and do not lead to unethical practices. A $50 gift card falls within these acceptable limits, making it compliant with regulatory expectations for such transactions. In contrast, the other options, such as a $500 cash bonus, a luxury vacation package, and a new smartphone, exceed typical limits and could be considered excessive or as inducements that might lead to regulatory scrutiny. High-value gifts can blur the line into practices that may be viewed as kickbacks or could create a conflict of interest, which is why they are not allowed in referral situations.