Sales Associate Carol leaves Broker Smith's firm and joins Broker Johnson's firm. She has a pending transaction that closes after her move. Under Florida law, who is entitled to receive Carol's commission from the closing?
Correct Answer
B) Broker Smith receives it and pays Carol according to their agreement
The commission belongs to the broker who supervised the transaction when it was initiated. Broker Smith must receive the commission and pay Carol according to their agreement. Option A is incorrect because sales associates cannot receive commission directly. Option C is incorrect because Broker Johnson wasn't involved in the original transaction. Option D is incorrect because there's no legal basis for splitting between brokers.
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- → Sales associate David wants to create business cards for networking events. What must appear on his business cards to comply with Florida law?
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Previous Question
A property sells for $280,000 with a 6.5% total commission split equally between listing and selling brokers. The listing broker has a 65/35 split with their sales associate (65% to associate). The selling broker has a 50/50 split. How much more does the listing sales associate receive compared to the selling sales associate?
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