Broker's payment of Agent Commissions
I am a licensed real estate salesperson and am working for a broker. Is it legal for the broker to pay me my commssions to my S-Corp rather than to me as an individual?
Answer
Re: Broker's payment of Agent Commissions
No, because your S-corp is not licensed with the DRE. (The DRE gives separate licenses to corporations.) As you know, since you are a salesperson, you must necessarily work under a sponsoring broker.
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