Concepts Definitions
Unlawful Compensation: Receiving payment for real estate services in a manner that violates state real estate laws and regulations.
Broker-Salesperson Relationship: The legally defined employment relationship where a salesperson must be supervised by and compensated only by their employing broker.
Commission Payment Structure: The specific rules governing how real estate commissions are collected and distributed, emphasizing that salespersons receive compensation solely from their employing broker.
Affiliated Licensee: A real estate salesperson or associate broker employed by a broker.
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