Is it legal for a property manager to receive a referral fee for using a specific roofing company?

Receiving a referral fee for using a specific roofing company is permissible when the property manager has obtained the consent of the property owner. This consent is essential because it ensures transparency and maintains the trust between the property manager and the owner. When a property manager refers a service provider and receives a fee in return, it could create a conflict of interest if the owner is not aware of the arrangement. Ensuring that the owner is informed and agrees to the referral fee arrangement allows for ethical business practices and helps to avoid potential disputes or claims of impropriety.

In scenarios where a referral fee is granted without the owner's consent, it could lead to issues of legality and ethical concerns. Likewise, informing tenants about such arrangements is not typically required for the legality of the fee; rather, it relates to transparency and communication practices in property management. Thus, the correct understanding emphasizes the need for the owner's consent to maintain a lawful and ethical standard in property management practices.