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AgencyCompensationEASY

In West Virginia, a salesperson may receive compensation from:

Correct Answer

C) Their employing broker only

West Virginia law requires that a salesperson receive all compensation only through their employing broker. Accepting payment directly from buyers, sellers, or other brokers is a violation of licensing law.

Answer Options
A
The buyer directly
B
The seller directly
C
Their employing broker only
D
Any cooperating broker

Why This Is the Correct Answer

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Why the Other Options Are Wrong

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Deep Analysis of This Agency Question

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Background Knowledge for Agency

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Related Topics & Key Terms

Related Topics:

broker-supervisioncompensation-rulesreferral-feestax-reporting

Key Terms:

compensationthrough brokersalespersonno direct paymentlicensing law

Related Concepts

A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.

A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.

The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.

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