Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A salesperson with ABC realty was contacted by Big Bank to do Broker Price Opinion (BPO). Since the fees for this was very small, the
A salesperson with ABC realty was contacted by Big Bank to do Broker Price Opinion (BPO). Since the fees for this was very small, the bank paid the salesperson directly. This situation is?
a. perfectly legal per Chapter 475, F.S.
b. illegal, since salesperson violated Chapter 475, F.S.
c. illegal, since Broker of ABC Realty has violated Chapter 475, F.S.
d. allowed under Chapter 475, F.S. because BPO's are a set dollar amount rather than the commission
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started