BPO Fees Cannot Be Paid Directly to an Agent; They Must Come Through the Brokerage
ISSUE:
Can a broker assign a lender-paid fee ($50-$100/transaction) for a broker price opinion (“BPO”) in a short sale or real estate owned (“REO”) transaction directly to the agent?
ANSWER:
No.
DISCUSSION:
Pursuant to A.R.S. § 32-2155(A), a licensee is required to receive commissions only from their broker. The compensation for a BPO must therefore be paid to the agent only through the broker.
Arizona REALTOR® Magazine – September 2012