From whom may a salesperson or associate broker accept commission?

A salesperson or associate broker is required to accept commissions solely from their employing broker. This is fundamental to the structure of real estate practice, where the employing broker holds the license and is responsible for the conduct of their salespersons and associate brokers. Commissions are earned through transactions executed under the authority of the employing broker, who then disburses the commission to the salesperson or associate broker as part of their compensation agreement.

The other options are misleading as they imply that a salesperson or associate broker can accept commissions directly from parties involved in a transaction, such as the buyer, seller, or listing broker. This structure is set in place to ensure that all financial dealings are managed through the brokerage, which is essential for maintaining professional standards and accountability within the real estate industry. This way, the employing broker can ensure proper handling of funds, compliance with legal obligations, and provision of appropriate oversight.