A West Virginia salesperson is asked about a salesperson receives compensation directly from a buyer for a licensed act. What is the best answer?
Correct Answer
A) A salesperson or associate broker may not accept compensation for licensed acts from anyone other than the affiliated broker
Accepting compensation as a salesperson or associate broker from someone other than the broker is a disciplinary ground. Source basis: W. Va. Code §30-40-19 through §30-40-21, West Virginia Legislature current code, checked 2026-04-30
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Related Topics & Key Terms
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Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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