If a broker has a salesperson provide a price opinion for a lender, who may receive payment?

In this scenario, the correct answer highlights the legal framework surrounding real estate appraisals and the flow of compensation. According to Arizona state regulations, when a salesperson provides a price opinion, that work is typically commissioned through their employing broker. The broker holds the license necessary to receive payment for services rendered, including any price opinions provided by their salespersons.

The lender may only pay the broker directly because this aligns with the state’s guidelines on compensation in real estate transactions. Salespersons operate under their broker’s license and cannot receive payment directly from third parties, such as lenders, for tasks that fall under the broker’s responsibilities. Therefore, it ensures that all compensation flows through the broker, maintaining compliance with licensing laws and upholding the proper legal channels for real estate transactions.

Understanding this structure is vital for anyone entering the field of real estate appraisal and brokerage in Arizona, as it emphasizes the importance of regulatory compliance and the hierarchical nature of licensing in real estate practices.