Under Delaware law, how must a salesperson receive compensation for real estate services?
Correct Answer
B) Only through their employing broker
Under Delaware law (24 Del. C. § 2912), a salesperson may not receive compensation for real estate services directly from a buyer, seller, or any other party. All compensation must be paid to the salesperson through their employing broker. This rule ensures broker oversight and accountability.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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