asked 101k views
4 votes
From who does an out-of-state salesperson working in cooperation with a MS broker to sell a property in MS collect his commission?

asked
User Pheonyx
by
8.4k points

1 Answer

5 votes

Final answer:

An out-of-state salesperson receives their commission from the broker who holds their license, who in turn will have an agreement with a cooperating MS broker involved in the property transaction.

Step-by-step explanation:

An out-of-state salesperson working in cooperation with a Mississippi (MS) broker to sell a property in Mississippi would typically collect their commission from the employing broker in their home state, not directly from the MS broker. Real estate laws generally dictate that commission payments must be made through the broker who holds the salesperson’s license, and that broker would have a cooperative agreement with the MS broker overseeing the transaction. Once the property is sold and the commission is distributed to the home-state broker, that broker would then pay the salesperson according to their agreed-upon commission split.

answered
User RonnieT
by
9.0k points
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