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A commission or fee includes any form of compensation received for engaging in an act for which a license is required, essentially anything of value. [Rule 535.147] Q: Can an unlicensed person own a real estate company and receive all or a portion of a commission paid to a licensed broker?

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A commission or fee includes any form of compensation received for engaging in an act for which a license is required, essentially anything of value. [Rule 535.147] Q: Can an unlicensed person own a real estate company and receive all or a portion of a commission paid to a licensed broker?

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Yes within certain limitations. The unlicensed person may share in the income earned by a real estate brokerage IF the person engages in no acts for which a license is required.

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