In Maine, a real estate salesperson may only receive compensation through:
Correct Answer
B) Their employing broker
Maine law requires that a real estate salesperson receive all compensation solely through their employing broker. A salesperson may not accept payment directly from a buyer, seller, or any other party to a transaction. This rule ensures broker oversight and accountability for all compensation paid to licensees.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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