Under Idaho license law, how must a salesperson receive compensation for real estate services?
Correct Answer
B) Only through the salesperson's supervising broker
Under Idaho Code § 54-2053, a licensed 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 supervising broker. This rule ensures broker oversight and accountability for all transactions.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
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