License Law & AgencyQuestion 25 of 100
A New York real estate salesperson may lawfully collect a commission directly from:
a.The buyer, at closing
b.Their sponsoring broker only
c.Any party to the transaction
d.The Department of State
Explanation
A salesperson works under and is paid only by their sponsoring broker, never directly by a buyer or seller. The broker receives the commission and then compensates the salesperson per their agreement. Accepting compensation directly from a principal can be grounds for discipline.
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