Legally speaking: How to pay commissions correctly
Ohio Revised Code 4735.21 provides that any money connected with a real estate transaction must be collected in the name of and with the consent of the broker. This includes deposits, commissions, rent payments, and any other payments or fees. Inside are a few recent questions received on the Hotline that involve this section of the license law. (Jan. 31, 2017, OAR Buzz)
IRS Requires Reporting of Cooperative Commissions (NAR Law, Ethics & Policy, 2016)
Keys to avoiding a messy breakup (March 21, 2016, OAR Buzz)
Legally speaking: Can agents get paid directly on BPOs?
(Feb. 8, 2016, OAR Buzz)
Legally speaking: Can a retired licensee still receive referral fees?
(Dec. 14, 2015, OAR Buzz)
Legally speaking: Is it OK to pay commission to a team?
(Nov. 19, 2015, OAR Buzz)
Legally Speaking: Do I have to release one of my listings?
(Sept. 28, 2015, OAR Buzz)
Legally speaking: Protecting your commission with written agreements
(July 20, 2015, OAR Buzz)
Legally speaking: Referral fee do’s and don’ts
(July 7, 2015, OAR Buzz)
Legal Matters: Procuring Cause
(March 20, 2013, OAR Buzz)
Agents switching brokerages & the Broker’s duty to pay their commission
(Jan. 6, 2014, OAR Buzz)
Is it OK to lower some coop fees?
(May 13, 2013, OAR Buzz)
Can ‘coop fees’ vary?
(March 14, 2013, OAR Buzz)
Do’s & don’ts when showing property outside your MLS
(July 27, 2012, OAR Buzz)
U.S. Supreme Court issues decision that should end litigation against two Ohio brokerages
(May 24, 2012, OAR Buzz
Commission Express Lawsuit Against Brokerage Dismissed (EC: Mar. 5, 2012)
Appeals Court rules on claims brought by agent against brokerage (OR: Dec.11)
IRS Requires Reporting of Cooperative Commissions (EC: Jan. 2011)