Final answer:
The maximum compensation a licensee can give to an unlicensed friend for a referral varies by state, but many states prohibit any payment for referral activities to unlicensed individuals. Licensees must comply with their state's real estate laws to avoid penalties.
Step-by-step explanation:
The maximum compensation a licensee can give to an unlicensed friend for a referral is typically governed by state real estate laws and regulations. The specifics can vary widely by state, so it's crucial for a licensee to be familiar with the legalities in their particular jurisdiction. However, many states prohibit the payment of any compensation to an unlicensed person for activities that require a real estate license, such as referrals. Thus, a licensee should be careful not to violate these regulations as it could result in penalties or the loss of their license. Overall, it's recommended to consult with a local real estate commission or a legal professional for the most accurate information.xq