Question 15

A licensed affiliate broker may receive bonuses through his broker only.

A licensed affiliate broker is allowed to receive bonuses exclusively through their broker, adhering to the regulations governing real estate practices. This ensures that all financial transactions are properly managed and documented by the broker.

A) accept a commission from the buyer as well as the seller.

This option is incorrect because, while a licensed affiliate broker may receive commissions, they typically must operate under the guidelines set by their broker, which often prohibits accepting commissions directly from both parties without broker involvement and agreement.

B) pay a referral fee to an unlicensed person as long as the fee is less than $25.

This option is incorrect as paying referral fees to unlicensed individuals is generally prohibited, regardless of the amount. Real estate regulations require that only licensed individuals can receive compensation for real estate services.

C) receive bonuses through his broker only.

This option is correct because it aligns with the regulations that stipulate that all compensation, including bonuses, must be processed through the broker. This maintains the integrity of financial transactions in real estate.

D) agree to split commissions with a fellow licensee and directly pay the other licensee.

This option is incorrect because a licensed affiliate broker cannot directly pay another licensee. Commission splits must be managed through their respective brokers to ensure compliance with industry standards and legal requirements.

Conclusion

The correct answer is that a licensed affiliate broker may receive bonuses through their broker only, ensuring that all compensation is handled according to legal protocols. The other options fail to comply with regulatory standards governing real estate practices, highlighting the importance of adherence to established guidelines in the industry.