Sec. 08.88.655. Compensation.

175 words·~1 min read·/ak/title-8/chapter-88/08-88-655

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A real estate broker may be compensated by any party to a real estate transaction, by a third party, or by one or more of the parties to the transaction splitting or sharing the compensation.

(b)The payment of compensation to a real estate broker may not be construed to establish a relationship between the broker and the party who pays the compensation.

(c)If a real estate licensee provides specific assistance or enters into a personal services contract to act as a real estate licensee for a person, or if a seller and buyer, or a lessor and lessee, enter into a contract to sell, buy, or lease real estate, the real estate licensee shall disclose which party the licensee anticipates will be paying compensation to the real estate brokers in the real estate transaction.

(d)A real estate licensee shall include in a contract to sell, buy, or lease real estate a statement indicating which party is paying compensation to the real estate brokers in the real estate transaction.