Under Arkansas license law, how must compensation be paid to a licensed salesperson or associate broker?
Correct Answer
B) Only through their employing broker
Under Arkansas Real Estate Commission rules, a licensed salesperson or associate broker may only receive compensation through their employing broker. A licensee may not accept compensation directly from a buyer, seller, or any other party to the transaction — all compensation must be paid by or through the employing broker.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
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