Agency
A Florida buyer's broker negotiates a price reduction of $15,000 for their buyer client. The buyer thanks the broker and offers a $500 bonus. The broker may accept the bonus:
AAny time since it is from the client
BOnly with the written consent of the broker's employing firm (since compensation to associates typically flows through the broker)✓ Correct
COnly if it is reported to FREC
DNever — additional fees from clients are always prohibited
Explanation
While a client (buyer) can provide additional compensation to their broker, a sales associate must receive all compensation through their employing broker. The associate should inform the broker, who will approve and properly account for the additional compensation.
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