What must a broker do to be entitled to a commission?

To be entitled to a commission, a broker must hold a current, active real estate license. This requirement ensures that the broker has the necessary training, knowledge, and legal standing to facilitate real estate transactions. An active license indicates that the broker adheres to industry regulations and is legally recognized to conduct business in the real estate market.

By holding a valid license, the broker has fulfilled a significant legal and professional requirement that protects both the broker and consumers in real estate transactions. This is critical in maintaining standards within the industry and ensuring that all parties involved have recourse in case of disputes or issues that may arise during a transaction.

While having a team of sales associates or completing a certain number of transactions might be beneficial for business growth and reputation, these factors do not directly grant entitlement to receive a commission. Furthermore, being employed by multiple sellers simultaneously could present legal and ethical dilemmas, especially regarding conflicts of interest, but again, it's not a prerequisite for receiving a commission.