Question 78

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

A licensed affiliate broker is allowed to receive bonuses solely through their broker, ensuring that all financial transactions comply with real estate regulations and maintain the integrity of the profession.

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

This option is incorrect because a licensed affiliate broker cannot accept commissions from both parties in a transaction unless specific conditions are met, such as disclosure to all parties involved. Dual agency situations can complicate commission structures and must adhere to legal guidelines.

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

This option is incorrect because paying a referral fee to an unlicensed individual is prohibited regardless of the amount. Real estate laws generally require that only licensed individuals can receive compensation for services rendered in real estate transactions.

C) receive bonuses through his broker only.

This option is correct. A licensed affiliate broker is permitted to receive bonuses exclusively through their broker, as this maintains compliance with real estate regulations and ensures that all financial rewards are processed in a lawful manner.

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

This option is incorrect because while commission splitting is allowed, it must go through the broker rather than being paid directly between licensees. This is to maintain proper accountability and adherence to commission distribution laws.

Conclusion

The correct answer is that a licensed affiliate broker may receive bonuses through his broker only, as this aligns with regulatory standards governing real estate transactions. All other options present scenarios that violate real estate laws, highlighting the importance of compliance in maintaining ethical practices within the industry.