As a licensed salesperson, from whom can you receive compensation?

Receiving compensation as a licensed salesperson is predominantly tied to your relationship with your sponsoring broker. The sponsoring broker is responsible for your real estate activities and handles your compensation for transactions. This arrangement is crucial because it establishes the legal and professional framework within which you operate, ensuring compliance with real estate regulations and providing a channel for payment.

While you may interact with clients and customers in the course of your work, they are not the direct sources of your compensation unless you are working independently, which is typically not the case for a licensed salesperson. Realtors and salespersons operate under the guidance of a broker, which solidifies the broker's role in compensating their agents for services rendered. This ensures all financial transactions adhere to the standards and practices of the brokerage, as well as state laws regarding real estate transactions.