When can a real estate salesperson charge a commission for selling property?

A real estate salesperson can charge a commission for selling property when they are licensed and in voluntary active status. This is crucial because being in a licensed and active status ensures that the salesperson is authorized to perform real estate transactions legally. In Nevada, as in many other states, obtaining a real estate license involves meeting educational requirements, passing a licensing exam, and maintaining a good standing by not being subject to disciplinary actions.

When a salesperson is in voluntary active status, it signifies they are actively engaged in real estate activities and can legally represent clients, conduct sales, and collect commissions for their services. Without this status, even if they have the necessary training and knowledge, they would not be able to operate within the boundaries of the law.

Other situations, such as having a verbal agreement or being the owner of the property, do not inherently authorize a real estate salesperson to collect a commission. A verbal agreement lacks the formal requirements needed for enforcing a commission structure in real estate transactions. Furthermore, selling one's property does not involve a professional commission structure; individuals typically handle their sales without needing to pay themselves a commission. Lastly, having a contract with the buyer is critical for a transaction but does not affect the necessity of being licensed and active to collect any commissions.