In order for you to earn compensation for brokerage activities, you must be employed as the agent of the client. How is this employment accomplished?
Comprehensive and Detailed Explanation:
In Maryland, a real estate licensee may only perform brokerage services and be entitled to compensation when a written brokerage agreement exists between the client and the broker.
This agreement must clearly state the broker's duties, compensation terms, and representation type (buyer, seller, or dual).
Verbal agreements are insufficient to establish an enforceable right to a commission.
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