Sec. 2510.
(1) A real estate salesperson shall not accept a commission or valuable consideration for the performance of an act specified in this article from any person other than the real estate broker that employs the salesperson.
(2) If an individual earned commissions or other income while employed by a real estate broker, it is not grounds for disciplinary action under section 2512 for that broker to pay those commissions or income to that individual, regardless of whether that individual is now employed by another real estate broker or is no longer licensed.
History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 2016, Act 502, Eff. Mar. 29, 2017 Popular Name: Act 299
Structure Michigan Compiled Laws
Chapter 339 - Occupational Code
Act 299 of 1980 - Occupational Code (339.101 - 339.2919)
Article 25 - (339.2501...339.2518)
Section 339.2501 - Definitions.
Section 339.2502 - Board of Real Estate Brokers and Salespersons; Creation.
Section 339.2503 - Exemptions.
Section 339.2504a - Continuing Education.
Section 339.2510 - Real Estate Salesperson; Commission or Valuable Consideration.
Section 339.2511 - Plan or Scheme for Selling or Promoting Sale of Real Estate.
Section 339.2512 - Prohibited Conduct; Penalties; Filing Complaint Under Article 5.
Section 339.2512c - Property Management Performed by Real Estate Broker.
Section 339.2512e - Advertisement.
Section 339.2512f - Supervision of Real Estate Salesperson.
Section 339.2516a - Inspection of Document or Record by Representative of Department.
Section 339.2516b - Rescission of Rules.