Section 19.1

Record keeping requirements if referral fee paid or received

19.1. Every licensee who pays or receives a referral fee, in addition to maintaining the financial records required under section 18, shall maintain, in accordance with sections 21, 22, and 23 the following records: 1. A record showing all referral fees received and identifying the date on which each referral fee is received, the method by which each referral fee is received, the amount of each referral fee, the licensee from whom each referral fee is received and the client in connection to whom each referral fee is received. 2. A record showing all referral fees paid and identifying the date on which each referral fee is paid, the method by which each referral fee is paid, including the number or a similar identifier of any document used to pay the referral fee, the amount of each referral fee, the licensee to whom each referral fee is paid, and the client in connection to whom each referral fee is paid. 3. All documents related to each referral fee transaction, including any agreement the Society may require the licensee to enter into in relation to each referral fee transaction.