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Pa Licensing Requirements CeReciprocity_paMEDIUM

A PA broker cooperates with an out-of-state broker on a transaction where the buyer lives in PA but the property is in West Virginia. Who pays the PA broker's share of the commission?

Correct Answer

D) The West Virginia listing broker pays the PA broker through the cooperating broker arrangement

In a cooperative transaction, the listing broker (in West Virginia) pays the cooperating broker (in PA) their share of the commission through the standard cooperating broker arrangement. This is how inter-state transactions typically work.

Answer Options
A
The PA buyer pays the PA broker directly
B
The PA broker must waive their commission for out-of-state transactions
C
The SREC distributes commission payments between state brokerages
D
The West Virginia listing broker pays the PA broker through the cooperating broker arrangement

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Related Topics & Key Terms

Key Terms:

cooperating_brokerinterstate_commissionWest_Virginiacommission_split
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