Can Licensed Salesperon (Agent that's not Broker) Collect Commission in ANY CIrcumstances?
collect commission directly, that is, as opposed to receiving from his/her broker.
so, are these allowed in your state?
a few scenarios.. assume all occur in the state the professional is licensed:
1- Agent lists their own house on MLS and sells directly, double-ending the deal without a buyers/sellING agent's help. Agent has 100% Commission structure with flat-fee Broker. At closing, Agent directs Escrower to cut commission check in Agents name, not his/her brokers.
2 - Agent lists their friend's house on MLS and sells directly, double-ending the deal without a buyers/sellING agent's help. Agent has 100% Commission structure with flat-fee Broker. At closing, Agent directs Escrower to cut commission check in Agents name, not his/her brokers.
3 - Agent finds a home on MLS for him/herself. Agent makes a direct offer conditional that listing agent agrees to give agent half of the total commission. Seller and Listing Agent accept. Agent has 100% Commission structure with flat-fee Broker. At closing, Escrower cuts commission check in Agents name, not his/her broker.