Real Estate Broker Commission
Ask Kate a real estate broker commission question: Hi Kate, Can a husband who is a real estate broker get paid a commission for a house his wife is buying?
Kate Answers: Real Estate Broker Commission and Home Buying Spouses
***zz-portrait-left.shtml*** Dear DC,
State law, real estate companies and mortgage lenders are the governing parties here.
Plus the matter of disclosure.
4 Real Estate Broker Commission Questions
- Does your state law allow a real estate broker to represent a spouse and get paid a commission?
- When the spouse of a broker is buying a home, does the real estate company's contract prohibit the payment of commissions?
- Will a mortgage company approve a home loan for transactions involving spouses, also known as non-arm's length transaction?
- In my opinion, disclosure is the most pertinent. Has the broker disclosed the spousal relationship to all parties on the purchase and sale agreement, whether or not it is required?
DC, one more thing. I'd like to hear back from you. So please let me know if this page was helpful to you or if you have more questions. Comment here
on Real Estate Broker Commission. Or Ask Kate
another question here.
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