Which of the following is an acceptable form for a referral gift to an unlicensed individual?

A gift card that cannot be converted to cash is an acceptable form for a referral gift to an unlicensed individual because it adheres to the regulations surrounding what can be given as a referral. In the real estate industry, laws are in place to prevent the exchange of cash or cash-equivalent items, such as checks or cash cards, as these could be construed as a commission or compensation for a referral, which unlicensed individuals are not legally permitted to receive. By using a gift card that is specifically designed to be used for purchases rather than cash withdrawals, the transaction stays compliant with regulatory guidelines, thereby allowing for a non-monetary form of gratitude without crossing legal boundaries. This protects both parties and ensures that all actions remain ethical and within the framework of real estate laws.