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  3. Valuable consideration

Exam term

Valuable consideration

Compensation of value given for brokerage work, whether or not it is called a commission. A fee, or services given in exchange, can qualify.

Lessons that use this term

  • Purpose of the license law, license categories, and the responsibilities of each licensee New York
  • Education requirements, activities that require a license, and exemptions New York

Exam prep

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  • SAFE MLO
  • SIE

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