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Ray, Lawyer
Category: Real Estate Law
Satisfied Customers: 42835
Experience:  Texas Attorney for 30 years dealing in real estate
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I recently received my real estate license in the state of

Customer Question

I recently received my real estate license in the state of Arizona and was involved in a commercial transaction as part of our sales team. During the letter of intent period I hadn't obtained my license yet, but I received my license prior to the closing. Should I be able to collect a commission?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Ray replied 1 year ago.

Hi and welcome to JA. Ray here to help you today.

I would say yes if it was to be paid in the sales contract, you were licensed here and able to legally accept commissions.You should talk this over with the broker.I do not see a problem with it you earned it here at closing and it should be paid.You were legal at that point and can receive commissions and the broker should pay you for it.If it was in the sales contract you should be paid by the broker here in Arizona.

I appreciate the chance to help you .Thanks again.

Expert:  Ray replied 1 year ago.

If it was disclosed in the sales agreement then you should be paid here.



Compensation Sharing Disclosure

A real estate broker shall disclose to all the parties in a transaction,

in writing before closing, the name of each employing broker who

represents a party to the transaction and who will receive compensation from the transaction.