Answered

A broker representing a seller advertises that she will "rebate" a part of her commission to the buyer at closing. To be legal
the broker must:
This is not legal as the buyer is not licensed
Disclose and get approval from the seller
Give the seller the same rebate
Disclose and get approval from the buyer's broker

Verified Answer :

GinnyAnswer

Final answer:

Brokers must disclose and get approval from the seller when offering a rebate to the buyer to ensure legality and transparency.


Explanation:

Disclose and get approval from the seller is the correct action for the broker to take when offering a rebate to the buyer at closing. This ensures transparency and legality in the transaction.

By disclosing the rebate and receiving approval from the seller, the broker fulfills legal requirements and maintains ethical standards in real estate transactions.

Failure to disclose and obtain approval could result in legal repercussions and undermine the integrity of the deal.


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