An Alberta real estate associate receives a cash gift from a grateful client after a successful transaction. What does the RECA Code of Conduct require?
Correct Answer
B) All remuneration received in connection with a trade must be disclosed to and paid through the brokerage
Under the Real Estate Act and RECA rules, all remuneration, commissions, or other benefits received by an associate in connection with a real estate transaction must be disclosed to and processed through their brokerage. Associates cannot receive compensation directly from clients outside of the brokerage relationship.
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