Maybe. It all depends on the terms of the agreement you had with your old broker. However, according to Michigan’s Administrative Rules that govern real estate salespersons and brokers, the answer is yes. If an individual earned commissions or other income while licensed to a broker, it shall not be grounds for disciplinary action as a violation for the broker to pay such earned commissions or income to that individual, regardless of whether that individual is now licensed to another broker. In fact, you can be paid even if you are no longer licensed.
Always, always, always put agreements between you and your broker in writing. There is no substitute for a clearly defined agreement that is in writing, especially when it comes to referrals and commission issues. It’s the safest way to be sure that you will be paid for living up to your end of any agreement.
For more information, check out:
http://w3.lara.state.mi.us/orr/Files%5CAdminCode%5C1444_2014-112LR_AdminCode.pdf
Always, always, always put agreements between you and your broker in writing. There is no substitute for a clearly defined agreement that is in writing, especially when it comes to referrals and commission issues. It’s the safest way to be sure that you will be paid for living up to your end of any agreement.
For more information, check out:
http://w3.lara.state.mi.us/orr/Files%5CAdminCode%5C1444_2014-112LR_AdminCode.pdf
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