(a) A real estate broker may be compensated by any party to a real estate transaction, by a third party, or by one or more of the parties to the transaction splitting or sharing the compensation.
(b) The payment of compensation to a real estate broker may not be construed to establish a relationship between the broker and the party who pays the compensation.
(c) If a real estate licensee provides specific assistance or enters into a personal services contract to act as a real estate licensee for a person, or if a seller and buyer, or a lessor and lessee, enter into a contract to sell, buy, or lease real estate, the real estate licensee shall disclose which party the licensee anticipates will be paying compensation to the real estate brokers in the real estate transaction.
(d) A real estate licensee shall include in a contract to sell, buy, or lease real estate a statement indicating which party is paying compensation to the real estate brokers in the real estate transaction.
Section: Previous 08.88.620 08.88.625 08.88.630 08.88.635 08.88.640 08.88.645 08.88.650 08.88.655 08.88.660 08.88.665 08.88.670 08.88.675 08.88.680 08.88.685 08.88.690 NextLast modified: November 15, 2016