Legal Question in Real Estate Law in California
Broker's payment of Agent Commissions
I am a licensed real estate salesperson and am working for a broker. Is it legal for the broker to pay me my commssions to my S-Corp rather than to me as an individual?
Asked on 4/14/07, 7:16 pm
1 Answer from Attorneys
Daniel Harrison
Berger Harrison, APC
Re: Broker's payment of Agent Commissions
No, because your S-corp is not licensed with the DRE. (The DRE gives separate licenses to corporations.) As you know, since you are a salesperson, you must necessarily work under a sponsoring broker.
Answered on 4/24/07, 7:02 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
