Completed transaction required for compensation of broker--Promulgation of rules for exceptions.

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36-21A-84. Completed transaction required for compensation of broker--Promulgation of rules for exceptions.

No responsible broker is entitled to any part of the money paid to the responsible broker in any transaction as part of the responsible broker's compensation until the transaction has been consummated or terminated. The commission may promulgate rules, pursuant to chapter 1-26, to make reasonable exceptions to this section.

Source: SL 1992, ch 273, §84; SL 2013, ch 177, §32.


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