Question

Stephanie is a real estate salesperson employed by Pacific Coast Properties. She sells a home listed by another broker, Island View Realty. After escrow was opened, but before closing, she asks the Island View broker for a $1,000 advance against her commission. What happens if the Island View broker agrees?

Answer 1

Answer:

It will be a violation of real estate law

Explanation:

Based on the information provided within the question it can be said that the if the Island View Broker agrees It will be a violation of real estate law. This is because until a deal is completely closed the deal can change and not go through. Some states and brokers allow this but will provide a discounted commission.