Exam term

Compensation from more than one party

Under 19 NYCRR § 175.7, a broker who will be paid by more than one party must clarify whom the broker represents and obtain the client's full knowledge and consent. This differs from informed written consent to dual agency.

Lessons that use this term

Creating agency, how compensation is set, and antitrust New York
Dual agency, informed consent, and designated sales agents New York