RPL 442 — Splitting Commissions
N.Y. Real Property Law § 442 (Art. 12-A)
Bars a real estate broker from paying any part of a fee, commission, or other compensation received for help in a real estate transaction to anyone who is not a duly licensed salesperson regularly associated with that broker, a duly licensed broker, or a person regularly engaged in the real estate brokerage business in another state. A broker may pay compensation to a party to the transaction (seller, buyer, landlord, or tenant) but not for performing any activity requiring a license under Article 12-A, and may pay an unlicensed corporation or LLC only where each shareholder or member is, as an individual, a duly licensed associate broker or salesperson associated with the broker.
Who must comply
Other NYS DOS regulations
RPL 440-a — RE License Required
N.Y. Real Property Law § 440-a (Art. 12-A)
RPL 441 — Licensing & Continuing Education
N.Y. Real Property Law § 441 (Art. 12-A)
RPL 442-d — Commission Action License Bar
N.Y. Real Property Law § 442-d (Art. 12-A)
RPL 442-e — Violations & Penalties
N.Y. Real Property Law § 442-e (Art. 12-A)
RPL 442-h — Standardized Operating Procedures
N.Y. Real Property Law § 442-h (Art. 12-A)
RPL 443 — Agency Disclosure Form
N.Y. Real Property Law § 443 (Art. 12-A)
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