What must an attorney be in order to receive a commission on listing a client's property?

Prepare for the Kentucky Reciprocity Test. Hone your skills with multiple choice questions and detailed explanations. Master the content and ace your exam!

To receive a commission on listing a client's property, an attorney must be a licensed broker or sales associate. This requirement is based on the necessity for individuals handling real estate transactions to be properly licensed to ensure they have met the qualifications and standards set by the state.

When an attorney acts in a real estate capacity, they must hold a specific real estate license that allows them to represent clients in transactions and negotiate terms. This not only protects the interests of the clients but also ensures compliance with the laws governing real estate practices.

Other roles, such as unlicensed assistants or officers of a company, do not possess the necessary credentials to legally engage in real estate transactions that involve earning a commission. Additionally, while a registered agent may facilitate certain transactions, only those who have completed the required licensing process—such as becoming a licensed broker or sales associate—are entitled to receive commissions from property listings. This distinction highlights the importance of licensure in maintaining professional standards within the real estate industry.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy