License Law & AgencyPregunta 25 de 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
Explicación
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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Preguntas relacionadas de este tema
- In New York, real estate salespersons and brokers are licensed and regulated primarily by the:
- The New York statute governing the licensing and conduct of real estate brokers and salespersons is:
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- The fiduciary duties an agent owes a principal can be remembered by the acronym OLD CAR. The 'C' stands for:
- In New York, the agency disclosure form must generally be presented to a prospective buyer or seller:
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