New Jersey Real Estate Practice Exam Free Practice Question
Under what conditions may a salesperson accept a bonus offered by a seller for services rendered?
Correct Answer: C
Rationale: A bonus from a seller to a salesperson must adhere to ethical and legal standards in real estate. Option C is valid as it ensures transparency; the seller pays the bonus to the broker, who then distributes it, maintaining proper oversight and compliance with industry regulations.
Option A is incorrect because direct payment from the seller can lead to conflicts of interest and lack of accountability. Option B, while it involves broker approval, does not guarantee that the transaction remains compliant with regulations if the seller pays the bonus directly. Option D is incorrect as bonuses can be accepted under regulated conditions, specifically when processed through the broker.
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